NPV to market cap doesn't look too bad... However, the Capex / NPV ratio has been shot in this DFS.
The capital cost has increased from the scoping study estimate of US$86M Capex to US$156M Capex... The impact of this is NPV to Capital ratio is less than 1.... IMO this will be hard to find financing for, may need a sustained increase in tin price to justify, or require some government grant or similar to aid here - government grant is not out of the picture given the importance of tin supply.
Bit of work to be done still.
Scoping Study - US$86M Capex
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $41.31M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 14.0¢ | $4.884K | 34.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 50386 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 184178 | 1 |
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| Last trade - 10.46am 31/07/2025 (20 minute delay) ? |
| ELT (ASX) Chart |