Ann: Alberta Projects Update, page-59

First 59 Last

Share
Profile

Follow
Surandy70

11,335 Posts.

1925

15/11/20

16:12

Post #: 48885765
Share

Originally posted by HairyRichard: ↑

While that's true, the good news is that KPO get paid at FNTP as well as when the job completes
In the webinar interview we heard Ross say that KPO would have a sustainable business even without the royalties or waterfall payments after the plants were complete.
I wrote up a timetable some time ago on when KPO will get paid over the next few years:
Q1 2021 - $4.6m in reimbursement costs and $1.5m + $1.5m for half of the development fee due at FNTP
= $7.6m next quarter (or maybe april)
= $7.6m revenue for 2021

Q1 2022 - $2.2m reimbursement fee and $9m development fee for FNTP for projects 3, 4 & 5
Q2 & 3 2022 - Nothing scheduled there but perhaps there will be talks of projects 5-10
Q4 2022ish - Projects 1 & 2 complete - $3m for the other half of dev fee
= $14.2m revenue for 2022 assuming no major delays and no further FNTP payments

2023 is speculating a bit more.
I assume 5 more projects get FNTP for $15m + reimbursement costs and we start seeing waterfall payments come through for projects 1 & 2
Revenue $15-25m

I'm not sure for a fact, but I assume that with our costs incurred being reimbursed, any revenue we generate should spit out over 50% EBITDA
If that's the case then by 2025 we could be showing up to $50m EBITDA, but there's many many variables in there.
As long as projects 1 and 2 go ok, I'm happy to call KPO derisked and a real contender to show us a $1b market cap

Expand

Don't forget the annual royalty payment of $600k in 2023 from plants 1 & 2.

KPO Price at posting: 3.5¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Making money: How many microcaps should be in an investor's portfolio?

Finance school vs reality: What they don't teach you about the stock market

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 35 more messages in this thread...

First 59 Last

Add KPO (ASX) to my watchlist

(20min delay)
Last 1.2¢		Change 0.001(9.09%)		Mkt cap ! $31.63M

Open	High	Low	Value	Volume
1.1¢	1.2¢	1.1¢	$14.23K	1.247M

Buyers (Bids)

No.	Vol.	Price($)
2	504545	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	530785	2

View Market Depth

No.	Vol.	Price($)
2	504545	0.011
4	1070947	0.010
4	1742827	0.009
1	500000	0.008
2	2035000	0.007

Price($)	Vol.	No.
0.012	530785	2
0.014	100000	1
0.015	1563771	2
0.016	3712267	5
0.017	555555	1

Last trade - 16.10pm 28/10/2024 (20 minute delay)

KPO (ASX) Chart

Ann: Alberta Projects Update, page-59

Making money: How many microcaps should be in an investor's portfolio?

Finance school vs reality: What they don't teach you about the stock market

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Alberta Projects Update, page-59

Top Stories

Making money: How many microcaps should be in an investor's portfolio?

Finance school vs reality: What they don't teach you about the stock market

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News