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3.0¢ morella corporation limited

this company would have a lot of tax losses. won't be any...

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jerrryevansss

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23/06/19

18:09

Post #: 39196336
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Originally posted by muppet655: ↑

Far more simplistic to use empty cells for multiple quarters when a clear trend of increasing output and recoveries is already manifest (and thus a downtrend in costs can be expected). The market is meant to be a mechanism for forward looking valuations too so using a conservative PE on early stage numbers also doomed to undervalue.

We look nailed on for >190,000 tpa and possibly much higher soon, prices are soft and may well soften to $550 USD soon. That will be slightly mitigated by AUD depreciating.

Costs per tonne will remain opaque for a while $420 AUD is conservative going off guidance. So worst case is about $790 AUD/Tonne - $420 for a margin of $370 multiplied by 190,000 giving gross revenue of $79,000,000. Early stage producer with clear upside and expectations of spodumene price recovery makes for a PE of 10+ as more reasonable.

30% tax, say approx $600,000,000 valuation, take off the debt gives $430,000,000, 2.2 billion shares, gives base case 19.5 cents per share, thus IMO still very good buying and a minimum takeover price of 40 cents.

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this company would have a lot of tax losses. won't be any tax for a while

AJM Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.0¢		Change -0.001(3.23%)		Mkt cap ! $8.123M

Open	High	Low	Value	Volume
2.8¢	3.1¢	2.8¢	$1.312K	44.77K

Buyers (Bids)

No.	Vol.	Price($)
3	47762	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	10583	1

View Market Depth

No.	Vol.	Price($)
3	47762	0.029
4	442579	0.028
1	61938	0.027
1	100000	0.026
5	280423	0.025

Price($)	Vol.	No.
0.030	10583	1
0.031	295524	4
0.032	92168	2
0.033	378549	3
0.034	270000	1

Last trade - 15.41pm 04/10/2024 (20 minute delay)

1MC (ASX) Chart

this company would have a lot of tax losses. won't be any...

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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this company would have a lot of tax losses. won&apos;t be any...

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

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Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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Buyers (Bids)

Sellers (Offers)

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this company would have a lot of tax losses. won't be any...