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12.5% 3.6¢ morella corporation limited

Hodgsop- you will need to allow for a discount factor to future...

  1. GOTAM
    169 Posts.
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    22/03/18
    13:44
    Post #: 31950169
    Hodgsop- you will need to allow for a discount factor to future cash flows at 8 or 10% and take away any balance payable to lenders (I trust the borrowing is on back of the mine and the resource as a collateral)
    The value of ore still in ground will be different to spodumene price assumed.
    The upside I guess is the resource upgrade from the drilling program.

    I think the price of US$580 is very conservative especially for the next few years. given we already have a base in contract of $US550
    AJM Price at posting: 46.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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