Yes - agree
The amazing thing is the NPV on current IO price and high grade premium of this 97m spend sits at over 300m. The base case 106m NPV has been calculated on a 55 IO 62 price and a 8% premium for gradeZ current IO price stands at 72% with a 17% premium. Add the 7mt for the stage 2 pit extension and NPV would be well over 400m on current spot. If you took at spot valuation on MGX including exentemsikn you will get circa 80-83c valuation
Also I made a mistake in my operational cash flow calc as I notice the production profile is back loaded so the 10 m quarterly cash flow likely to be 12-13m per quarter, another plus
Ann: December 2017 Half Yearly Report and Accounts, page-33
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Last
33.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $408.1M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 33.8¢ | 33.0¢ | $475.3K | 1.428M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 137710 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |