AMN agrimin limited

5.00%

9.5¢

If you look at p11 of the AMN DFS the AISC is US$185/TExchange...

First 69 Last

sevo

7,080 Posts.

526

24/04/22

00:22

Post #: 60991016

Originally posted by Jakjazz: ↑
Comparative Criteria
UOM RWD AMN
SOI 22-Apr-22 Millions 195.2 287.4
Share price 22-Apr-22 A$ 0.13 0.59
Market cap 22-Apr-22 A$-millions 25.4 169.6
SOP pricing PFS/DFS US$/tonne-FOB 500 500
NPV8 Post tax A$-millions 293 1000
IRR
% 14.9 21
EBITDA Per yr A$-millions 118 220
EBITDA Margin % 42 66
EBITDA Per SOI A$/SOI 0.60 0.77
SP/EBITDA per SOI
SP under valuation-% 0.22 0.77
Cash cost (AISC) Per tonne FOB $ 394 159*
Pre-production capex
A$-millions 450 640
Post tax payback
Years ? 4.2
Reserve Contained SOP Tonnes-millions 0 20
Resource Drainable SOP Tonnes-millions 153 123
Production Per annum Tonnes-thousands 400 450
Road haulage
Kilometres 860 940
Logistics chain
Lake to ship Mine Full
PFS
Date May-18 -
DFS
Date - Jul-20
ITR Bechtel/Worley Date Mar-21 Apr-21
Offtake commitments (70%)
Date Nil Q2, 2022
FEED completion
Date
Q3, 2022**
EIA approvals
Date Yes Q3, 2022**
FID
Date
Q3, 2022**
NAIF

Yes In progress
Major project status

Yes Yes
*
** Inclusive of road, rail and port costs
Forecast

@@sevo I attach a table of comparative criteria and was hoping you could review and either provide an update/confirm so that we have a real comparison for analysis purposes.
Expand
If you look at p11 of the AMN DFS the AISC is US$185/T
Exchange 0.65
Add the $24/T royalty difference, the actual AMN cost is A$308/T on same royalty basis.
Furthermore the RWD PFS was revised 2 moths after the release with a new AISC $376/T
Still better numbers for AMN.
RWD was using diesel power generation this will change.
AMN saved $21/T going from gas to high penetration renewables. How much will RWD moving from diesel to significant renewables? At least $20/T but probably more because diesel will be starting higher than gas.
Cheers

Last edited by sevo: 24/04/22

AMN Price at posting: 59.0¢ Sentiment: None Disclosure: Not Held

2 Upvote

0 Great analysis

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If you look at p11 of the AMN DFS the AISC is US$185/TExchange...

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Comparative Criteria		UOM	RWD	AMN
SOI	22-Apr-22	Millions	195.2	287.4
Share price	22-Apr-22	A$	0.13	0.59
Market cap	22-Apr-22	A$-millions	25.4	169.6
SOP pricing	PFS/DFS	US$/tonne-FOB	500	500
NPV8	Post tax	A$-millions	293	1000
IRR		%	14.9	21
EBITDA	Per yr	A$-millions	118	220
EBITDA	Margin	%	42	66
EBITDA	Per SOI	A$/SOI	0.60	0.77
SP/EBITDA per SOI		SP under valuation-%	0.22	0.77
Cash cost (AISC)	Per tonne FOB	$	394	159*
Pre-production capex		A$-millions	450	640
Post tax payback		Years	?	4.2
Reserve	Contained SOP	Tonnes-millions	0	20
Resource	Drainable SOP	Tonnes-millions	153	123
Production	Per annum	Tonnes-thousands	400	450
Road haulage		Kilometres	860	940
Logistics chain		Lake to ship	Mine	Full
PFS		Date	May-18	-
DFS		Date	-	Jul-20
ITR	Bechtel/Worley	Date	Mar-21	Apr-21
Offtake commitments (70%)		Date	Nil	Q2, 2022
FEED completion		Date		Q3, 2022**
EIA approvals		Date	Yes	Q3, 2022**
FID		Date		Q3, 2022**
NAIF			Yes	In progress
Major project status			Yes	Yes
* **	Inclusive of road, rail and port costs Forecast

If you look at p11 of the AMN DFS the AISC is US$185/TExchange...

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Firetail scoops up untested land around Excelsior – including juicy mineralisation target

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St George banks $5M from placement to ramp up Araxá Rare Earths Project

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