For a very basic comparison, have a look at WHC. Annual saleable coal of 20.9Mt with a current MC of approx $5.5B. RES are targeting 6Mt p/a during stage 1 production. Assuming coal prices remain steady (for arguments sake), RES equivalent market cap would be around $1.5B or approx $2.50 p/s. Production is a long way off though, so best not get ahead of ourselves.
On finance approval, I'm thinking MC anywhere up to $500M or approx $1.00 p/s. At that point the project is de-risked to the point where insto funds would look at buying provided coal still fit their investment criteria.
All IM-amateur-O of course.
- Forums
- ASX - By Stock
- Ann: Execution of construction and CHPP operations contracts
For a very basic comparison, have a look at WHC. Annual saleable...
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
MTL
Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales