Lets do some maths on this one. I’ll assume that this ends up similar to FMG’s Magnetite project Iron Bridge. It is going to pump out 22Mtpa at 67%. Their cash cost is $US35/t but we will use their all in cost of $US50/dmt. Assuming todays 62% price plus a $20 65%+ premium we get $US112/t, giving cashflow of $US1.3B per annum.
Now by the end of the Hancock earn in HAW will still have 20%. That represents $US260M per annum. At a 7% yield that would give them a market cap of $US3.7B. Assuming that they finance their share with a mix of equity and finance then as a worst case we might get 100% dilution, which drops the value for today’s shareholders to $US1.85B or $AU2.4B. At a market cap of $32m that represents a 7500% gain from today’s share price. If I’m off by 100% it’s still a 37 bagger. If I'm off by 500% (and I'm not) then its still a 15 bagger!
LCY might have a bigger share of the project but if you look at their market cap you actually get much more exposure via HAW.
Get in before the institutions do.
- Forums
- ASX - By Stock
- HAW
- Ann: Hancock to earn in to the Mt Bevan project
Ann: Hancock to earn in to the Mt Bevan project, page-20
-
-
- There are more pages in this discussion • 156 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HAW (ASX) to my watchlist
|
|||||
Last
7.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.78M |
Open | High | Low | Value | Volume |
7.1¢ | 7.1¢ | 7.1¢ | $2.13K | 30K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 51381 | 6.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.1¢ | 11356 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 51381 | 0.067 |
1 | 10000 | 0.065 |
1 | 7857 | 0.063 |
1 | 8000 | 0.062 |
1 | 16000 | 0.061 |
Price($) | Vol. | No. |
---|---|---|
0.071 | 11356 | 1 |
0.072 | 42159 | 1 |
0.077 | 7617 | 1 |
0.079 | 7615 | 1 |
0.080 | 147488 | 2 |
Last trade - 15.57pm 25/07/2024 (20 minute delay) ? |
Featured News
HAW (ASX) Chart |