Hi InvestotPaul
- looks like they are going to amalgamate with other resources in the area to boost total resource.
- I assumed 70% MHM, 30% other
- yes the Capex being floated around is at $500M
- from here I want the other way and asked what return or payback would the new company want on its capex. Probably a high of ten years to a low of five years. For arguments sake lets say seven.
- we then end up with an EBITDA of $500m/7 = $70M
- say half debt funded - therefore interest cost = $20M
- Net profit before tax = $50M
- Depreciation on $500M would be $25-40M so negligible tax (say) $10M
- Therefore NPBT = $40M. PE ratio of 12 = $480M market cap.
- Agree that the company holding the resource would be 20-25% and then take 70% of that = 15%. I have major at 40% and IPO at 45%. To attract investors and taking into account 2-3 year build forward PE say at 8 therefore new company floated at $320M - IPO raises 45% = $144M + $128M from major shareholder (40%) = $272M which is roughly half the value of the required capex which agrees to my earlier assumption.
So a mc of $320M of which MHM shareholders receive 15% = $48M = about 35c/share.
Now probably more by good luck than good measure but basically get about the same as you Investorpaul but by using another method,
Spozzie
- Forums
- ASX - By Stock
- VYS
- potential value of the silica project to mhm
potential value of the silica project to mhm, page-4
-
- There are more pages in this discussion • 7 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 VYS (ASX) to my watchlist
|
|||||
Last
46.0¢ |
Change
0.015(3.37%) |
Mkt cap ! $194.0M |
Open | High | Low | Value | Volume |
45.0¢ | 46.5¢ | 44.5¢ | $580.6K | 1.274M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 11672 | 45.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.5¢ | 16173 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 11672 | 0.455 |
5 | 75758 | 0.450 |
1 | 20000 | 0.440 |
1 | 10000 | 0.435 |
1 | 1550 | 0.430 |
Price($) | Vol. | No. |
---|---|---|
0.465 | 16173 | 1 |
0.470 | 80000 | 1 |
0.475 | 50000 | 1 |
0.480 | 117467 | 3 |
0.485 | 102970 | 2 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
Featured News
VYS (ASX) Chart |