DDZX,
Using your numbers on sales/opex, there is $23m in annual cashflow (after opex). Personally, I think you have understated opex by $50 per tonne, when averaged across 6 other companies, so I've used $400.
Capex is $39m, not $50m (refer scoping study issued by KNL).
At 20c, company has market cap of $14.5m (including the dilution to the EGT), which is tremendously undervalued for a company with 10 year cashflow of $231m (21,000 tonnes * 10 years * (1,500-400)), from which to repay $39m capex + interest, leaving around $180m. I haven't included management costs, but then I also haven't included any resource upgrading, or their other project upside.
Ann: Kibaran signs binding off-take , page-14
-
- 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)
Add EGR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $47.67M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.5¢ | $22.00K | 209.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 340000 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 139712 | 4 |
View Market Depth
| Last trade - 12.12pm 31/07/2024 (20 minute delay) ? |
| EGR (ASX) Chart |