IMO:
If anyone thinks this is a good deal think again!
I crunched some numbers using a margin of around 37% (for profit) after costs. As GV's 30% is based on net profit only. Interestingly, after 5 parcels (100kt each) CLZ only makes $19.6M which is less than CV which makes $22.7M with the deal.
This amount for CLZ won't even pay for all it's debts (net liabilities) so there won't be anything (dividends) for shareholders.
It looks like CLZ will use the time to get the Gekko ready to process the remaining ore as 475kt is left after these 5 parcels of 100kt ea.
This is the worksheet:
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- Goldvalley Brown Stone and KAT GAP Terms Analysis
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classic minerals ltd
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Goldvalley Brown Stone and KAT GAP Terms Analysis
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