Looking past the headline NPV figures which are based off forecasted graphite prices (and are considerably higher than current prices), tried running the numbers using the sensitivity analysis provided in the report to get some more realistic (more relevance to today) picture on the economics with graphite prices being ~USD$1200/t (for 97% concentrate).
NPV popped out to be ~USD$545M or ~AUD$781M which is ~20% of current market cap at 15.5c, which is still relatively low given the stage of development BKT is at (post DFS and - hopefully - close to getting fully financed). Also kinda reassuring that graphite prices don't have to sky rocket for this project to be feasible and can weather an economic downturn.
Looking forward to seeing finance getting finalised.
BKT Price at posting:
15.5¢ Sentiment: None Disclosure: Held
