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5.1¢ black rock mining limited

Ann: BKT Confirms 25% increase in Measured Resources, page-36

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shitforbrains

169 Posts.

48

04/02/22

16:58

Post #: 59364894
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Originally posted by binwood: ↑

Stage 1 funding left as shitforbrains mentioned is US$61m or about A$86m at current. If you assume 70/30 debt to equity split means we would have to raise about $25m. If we can get that done at 25c that would be an extra 100m shares. Let's round it to 135m to leave some WC etc and call it 1bn SOI at completion.

Stage 1 EBITDA is around A$90m moving up to A$400m by time at full scale. 84% of that being BKT share.

So if you assume $250m MC at 25c that would be around 3x stage 1 FCF and less than 1x stage 4 FCF.

As I mentioned the other day for what probably ends up a 50 year resource these are tiny multiples. Some Li plays trading at 20x EBITDA multiples. I am not going to do that math because it just sounds super rampy and cringe. Let's go for 8x FCF as an early goal.

Expand

8 x multiple seems about right (some use 6 and some use 10).

Allow me to do the maths (prepare to cringe). There are a few things that need to go right but its not unreasonable to think that if everything goes to plan then in 4 years BKT could be valued at over $2.5bn

Last edited by shitforbrains: 04/02/22

BKT Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.1¢		Change -0.001(1.92%)		Mkt cap ! $67.61M

Open	High	Low	Value	Volume
5.3¢	5.4¢	5.1¢	$46.69K	889.3K

Buyers (Bids)

No.	Vol.	Price($)
4	576960	5.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	56778	1

View Market Depth

No.	Vol.	Price($)
4	576960	0.051
10	1041000	0.050
3	210103	0.049
1	21276	0.047
1	20000	0.043

Price($)	Vol.	No.
0.054	56778	1
0.055	130000	2
0.056	247388	3
0.057	9701	1
0.058	45635	1

Last trade - 16.10pm 07/10/2024 (20 minute delay)

BKT (ASX) Chart