@Embista, head on the chopping block time!
Here's a PFS v 3 DFS scenarios I put together today.
* Great case with slightly higher AUD:USD rate, what current prices I could gather for our products & a lower OPEX % due to efficiencies.
* Mid case scenario with same PFS numbers - prices, exchange rate & OPEX %
* Low point in commodity cycle case with lower AUD;USD rate, prices 10% lower than 2019 PFS & OPEX % increased to 70% of revenues.
I've stayed away from NPV, and provided EBITDA figures, and folks can plug in their own price:earnings ratios to have a ponder.
Eye popping for me, even in the worst case scenario!
Of course, plug in some dilution etc due to equity component of plant build, otherwise direct comparisons to current MC are unrealistic.
