Australia's largest stock trading and investment forum Australia's #1 stock forum

ELE

Click for more information

0.00%

0.5¢ elmore ltd

They won't be doing 500,000 T/An From the latest...

First 45 Last

Share
Profile

Follow
Corsiar

265 Posts.

7

17/04/22

11:03

Post #: 60885964
Share

Originally posted by Iknowyysh: ↑

Anyone care to double check my numbers:

IO - 500tpa @ $200 = $100,000,000 pa
Gold 17k oz pa @ $2,500 = $42,500,000 pa
Cu 1200t pa @ $14kg = $16,800,000pa
Co 400tpa @ $100,000 = $40,000,000 pa

Total above is annual revenue around $199.3 x 7 years is consistent with around $1.4b in total value at todays prices.

ELE share around $50m per annum (Revenue). Costs are clearly favourable with the project as the tailing are already out of the ground waiting to be processed and transported.

Total guess work, but if costs are 50% to 75% max then potential profit $12.5 up to $25m pa not taking into consideration the management fee and royalty.

Either way upside is here.

Expand

They won't be doing 500,000 T/An
From the latest announcement.
"Production has now begun to ramp up to meet the rail capacity constraint of 350,000 tonnes per annum."

Once the cash flow starts the next module will be built and the search will be on for more tailings. Plenty to choose from.

No dividends here for a while and more CR's to come I suspect. (my opinion only and based on available information)

Last edited by Corsiar: 17/04/22

ELE Price at posting: 4.3¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 6 more messages in this thread...

First 45 Last

Add ELE (ASX) to my watchlist