Rando, Funny we were both thinking of peer comparisions at the time.
A good one that is say 2 years more advanced than KFE is SFX
Sheffield Res.
Its not steel but zircon and ilmenite but requires $250 m capex.
Its in Aust so no soveign risk.
Current mkt cap $157 m with $31 m in cash. Therefore EV $126 m
Bankable feasibilty studycomplete March2017
Many offtake agreements in place. Actually 50% of stage 1 production.
CR $32 m placement.
Debt finance to $200 m in place.
328 bed accomodiation village has already been acquired and ready to install.
All approvals were inplace, but there were legal issues over a pre-agreedNative Titles ..
Mkt cap peaked at $180 m before the recent Native Title issue.
http://www.sheffieldresources.com.au/irm/PDF/2965_0/QuarterlyActivitiesReport
KFE overall project may be larger, but stage 1 similar.
KFE project potentually more profitable (if phosporous can be successfully extracted)
KFE capex $320 to $340 m
Phosporeous ore processing technology debatable. DR is closing down is other parts of the world.
single (possible second) coal source
So in 2 years after BFS, offtake agreements, several CRs, debt finance in place, the mkt cap or EV just prior to physical commencement may be $200 m
Thats not accounting for Nigeria sovereign risk.
- Forums
- ASX - By Stock
- Ann: Share Placement
Rando, Funny we were both thinking of peer comparisions at the...
-
- There are more pages in this discussion • 100 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add M4M (ASX) to my watchlist
|
|||||
Last
2.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $86.36M |
Open | High | Low | Value | Volume |
2.4¢ | 2.5¢ | 2.4¢ | $21.41K | 872.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 2587433 | 2.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 229740 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1846808 | 0.024 |
6 | 3043289 | 0.023 |
2 | 50000 | 0.022 |
1 | 36000 | 0.021 |
5 | 466950 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 229740 | 1 |
0.026 | 1150000 | 3 |
0.027 | 649962 | 5 |
0.028 | 358759 | 3 |
0.029 | 45000 | 2 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
M4M (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online