Very interesting play here considering the current discounted value vs NPV considering it's 100% ownership.
- 2.5mil in cash
- 16mil mcap
- Great capital structure with a premium phosphate product
- Ardmore phosphate project looking to produce their premium product which remains unhedged
- Recent convertible note to raise an additional1mil through Graham Chrisp our BoD members associate etc to keep a constant tight ship (subject to AGM approval tomorrow). Graham is both our chairman & large holder
- Low cadmium deposit which allows direct commercialisation without blend feeding the product
- Low impurities Phosphate deposit with a mine life being 10 years based from the reserve ONLY (
- Open for offtake which will most likely coincide with funding the project
- $269mil NPV with an IRR of 63%
- Low-risk payback being 1.8 years for a total CAPEX component of A$69mil
- Existing Infrastructure already existing on-site
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A few key presso slides below. I think this company warrants more appreciation from the market overall with their premium product remaining poised for a steady growing global market. Although a relatively increased AUD:USD rate, I think it's more important to incorporate the current Phosphate industry demand & av grade.
See below article too, relative to Phosphate demand.
https://investingnews.com/daily/resource-investing/agriculture-investing/phosphate-investing/phosphate-outlook/
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3.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $32.91M |
Open | High | Low | Value | Volume |
3.8¢ | 4.0¢ | 3.8¢ | $10.21K | 258.0K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 16017 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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4.0¢ | 443321 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 16017 | 0.038 |
1 | 216879 | 0.037 |
3 | 225119 | 0.036 |
3 | 152329 | 0.035 |
2 | 95000 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 443321 | 2 |
0.041 | 19973 | 1 |
0.042 | 122533 | 3 |
0.043 | 385739 | 2 |
0.044 | 279237 | 3 |
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