26/2/20. Indika US$40million equity deal for a 40% interest in Nusantara.
Suggesting a US$100 mil valuation for 100% of Nusantara without any takeover premium.
Today's exchange rate is US$100 million = AU$134.4 million.
AU$134.4 million / 229,300,000 NUS shares on issue = NUS 58.61 cents per share as opposed to current offer of 35c
Also worth noting since the 26/6/20 Indika equity deal, the following NUS announcements:
29/6/20. AWAK MAS NPV INCREASES BY 240% TO USD517M Highlights at a USD1,700 per ounce gold price • NPV5% (post-tax ungeared) USD517M +240% • IRR (post-tax) 45% +120% • Payback (post-tax) 21 months 27 months faster Nusantara’s strategic partner has rights to acquire up to a 40% interest in Awak Mas on agreed terms. The remaining 60% interest of the above NPV5% post-tax ungeared target is USD310M or AUD2.24 per currently listed Nusantara share (at USD1:AUD0.685).
31/5/21 AGM presentation ASIC US$875, Cash @ US $10.6 million
7/7/21 Maiden Proven ORE Reserve highlights:
• Proved Ore Reserve of 3.1 Mt provides high confidence in early production.
• Project Ore Reserve contains a total of 1.45 Moz of gold (at 1.37 g/t)
• Results based on updated MRE and advanced FEED studies, bring the projectcloser to production and provides higher confidence in design, operating andcapital costs
• Overall Project Ore Reserves grades have improved 3%, with Salu Bulo OreReserve average grade increases to 1.93 g/t (an increase of 16%)
Plus exploration potential.
35c. ???????
NUS Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
