Yeah not mindblowing results today. I hope for a modest resource upgrade (40mt?) and a production increase to 300ktpa in the DFS. Ofc the resource we already have is excellent. Here's my back-of-the-envelope based on the PFS:
- MC 396m AUD - say, 18m cash - no debt - I assume the PLL earn-in proceeds - therefore include 50m of our capex share to be paid by PLL - 328m EV - 45% of asset
2024: SC6 production 60kt SC6 price 4500 usd/t less opex 278/t (FOB) 45% share = 163m aud or 0.27 per share
2025: SC6 production 255kt SC6 price 4000 usd/t less opex 278/t (FOB) 45% share = 610m aud or 1.01 per share (cumulative = 1.28 per share)
2026: SC6 production 255kt SC6 price 3500 usd/t less opex 278/t (FOB) 45% share = 528m aud or 0.87 per share (cumulative = 2.15 per share)
2027: SC6 production 255kt SC6 price 3000 usd/t less opex 278/t (FOB) 45% share = 446m aud or 0.74 per share (cumulative 3.49 per share)
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