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Ann: Binding Heads of Agreement - Cobalt Production Facility JV, page-144

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Phil T

337 Posts.

102

23/07/18

22:50

Post #: 34527438
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Originally posted by The Avenger2 ↑

Another positive is the third party feed which I think bennybop made mention of
"In addition, the Company has commenced early stage negotiations for the supply of third party feed to the Luapula Processing Facility. The Company seeks to acquire feed at a rate of 10,000t per month and at grades of approx. +1.00% Cobalt. "

Now “third party feed model”
Revenue equals
120.000 t @ current &70,000 usd/ton @ 1% cobalt equals $84m
This is $42M at conservative 1% to WFE off third party feed.

Cost - don’t know this and depends on both monies to acquire the feed + processing costs.
Let’s 50% of revenue to costs then just on this one third party feed NET $24m annually to WFE

Upfront cash flow equals very conservatively 3 to 4 times earning from an MC perspective...okay add another 4 cents to SP
We are now at 8.5 open + 4 = 12.5cents open

Expand

Possible feed.. 1000 a ton

And then the grades from that area.

WFE Price at posting: 2.4¢ Sentiment: Hold Disclosure: Held
16 Upvote

2 Great analysis

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