Thanks Tikka always good to check my maths and im always rushing ...even in covid. I was thinking $25 per kg by 1000t = 25M per year as u say. then for a mine life of 16 years thats 25M by 16 = 400M then divide 400M by number of shares 100M and get $4 per share but.... we need to take out cap cost and ops cost ??? your link showed capital cost of plant to be 400+ million.
i know its a much more complicated but as a first pass....and only including 1000 t.pa it looks good.
the checked maths on the document u mentioned says 3.2 yr pay off so very nice numbers and if the director can sign a MOU like he did during covid then i think thats a good sign.
sorry about my simple and messy maths but in a way it gets us thinking ...just trying to work out very safe scenarios
TMT Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
