My approach is a bit more scientific, being an engineer and all... (no need to hold that against me though !!)
I am using a Price to Earnings ratio of about 5, based on future earnings potential.
I have modelled the business from the BFS for ONLY 40ktpa (not 44, and not 80), and have come up with $0.90 SP taking realistic/conservative estimates like 10% interest rate on loan with principle and interest payments taken from profits, with loan of 65%/35% split, 0.75 AUD/USD, 3% royalties and 30% tax...
I have not allowed for future growth potential, nor any value add possibilities...
To account for risk prior to mining operations... I estimate next week if "final" offtakes are announced with Sojitz for 10ktpa, I assume SP = $0.40, and once finance approved, $0.70, and then once mine constructed and operation/profitability confirmed, then $0.90.... Again these are all just My Opinion, with figures from BFS and some assumptions, BUT with only the initial 40ktpa production estimates.
My approach is a bit more scientific, being an engineer and...
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Mkt cap ! $52.21M | |||
| Open | High | Low | Value | Volume |
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