On those assumptions you outlay $2m to get back $6.4m before tax over nearly 20 years. But you have to believe the mine will be successful and sustainably profitable over that period (obviously if it's not profitable it won't stay open for 16 years = no royalties).
In that case, I mean, why not just invest in the fully paid ordinary shares instead? Seems like the upside from current market cap of $6m, in the event the mine is successful and profitable, is a) a lot greater than 300% and b) you won't have to wait 20 years to be fully paid out?
Downside in both cases if the mine is not successful / not economic / not profitable is similar - you lose 100% of your investment - so why not just stick with HVY shares.
- Forums
- ASX - By Stock
- HVY
- Ann: Pre-Paid Royalty Mandate
Ann: Pre-Paid Royalty Mandate, page-10
-
-
- There are more pages in this discussion • 31 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 HVY (ASX) to my watchlist
|
|||||
Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $7.620M |
Open | High | Low | Value | Volume |
11.0¢ | 11.5¢ | 11.0¢ | $4.122K | 37.36K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 16208 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 55274 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1664 | 0.110 |
2 | 41000 | 0.105 |
8 | 72100 | 0.100 |
1 | 35000 | 0.091 |
5 | 82332 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 55274 | 2 |
0.120 | 16696 | 2 |
0.125 | 44999 | 2 |
0.135 | 100000 | 1 |
0.140 | 565335 | 4 |
Last trade - 13.33pm 30/08/2024 (20 minute delay) ? |
Featured News
HVY (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online