Looking forward to the updated BFS for Prieska. A lot (no longer pushing the 'big bang' build) has changed since the 2020 BFS but the fundamental impact of Cu/Zn price moves is unchanged I assume.
We currently have an approximate 30% lift in the assumed Cu price (US$6680/t) to the spot today of ~US$8520. Feeding that into the BFS sensitivity chart would result in a lift in NPV of a conservative 30%. Add in another 5% from forex moves, we could easily see the US$550M NPV lift to something closer to US$730M and a post-tax IRR above 40%?
Maybe offset to some extent by capex cost increases?
Updated BFS for Prieska
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Last
1.6¢ |
Change
0.001(6.67%) |
Mkt cap ! $105.0M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.7¢ | 1.5¢ | $98.77K | 6.145M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3649999 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 428656 | 1 |
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| Last trade - 15.58pm 19/07/2024 (20 minute delay) ? |
| ORN (ASX) Chart |