Because I haven't been bothered to do a full DCF. At the most basic level
Current price of silver: $31/oz Ag AUD ASIC of $17.45/oz Ag AUD
26.5/5 = ~5.3mil oz mined per year
that makes Revenue: 164,300,000 Expennses: 92,485,000 Net: 71,815,000 Times 30% tax = 50,270,500 Apply a discount of 8% = 4,021,640 to account for royalties and because a DCF should have a discount for time value of money = $46,248,360 But then of course there are going to be ongoing drilling and exploration costs. So I could see IVR sitting at around $45mil NPAT per year ROUGLY
This is super rough huge estimate
A P/E of 10 would therefore given them Approximately 450mil MC
So they might at best after 2.2 years of profit have around $80-$100mil cash and then need to repeat the process at a new mine or rapidly expand Paris
IVR Price at posting:
7.7¢ Sentiment: None Disclosure: Held
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