RHM
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0.00% 30.5¢ richmond mining limited

positive feasibility out, page-6

  1. Spozzie
    2,445 Posts.
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    09/05/11
    12:34
    Post #: 8372602
    EBITDA(say) NZD80M
    Capex met by issuing (say) 200m shars at 50c, balance debt funded.
    EBITDA/share = 80M/250m shares on issue = 32c
    multiplied by (say) four = value per share $1.28
    A further 20% discount for the wait to 2012 = $1.00 per share or thereabouts.

    RHM Price at posting: 53.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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