They have mentioned before they can get it extended to mid 2024. This team has a good track record and if Toliara is up for construction, we will see at least triple in share price. if they can continue to deliver the promising cash flow, we are looking for at least 2 dollars a share.
Today's prices:
Ilmenite 400 USD/ton
Zircon 1650 USD/ton
Rutile 1800 USD/ton
800,000 tons of ilmenite, 54,000 tons of zircon premium and 7000 tons of rutile will help us generate 421.7 million USD revenue. Given the purity of the mine, it wouldn't surprise me with a revenue to cost ratio of nearly 3. Let's be conservative at 2, we would have 210 mil USD cash per year from Toliara.
All the best to holders!
Ann: FY21 Full Year Results, page-23
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