another val attempt

this one might be a bit closer to the mark. I'm using Chubbito's numbers which seem much less of a guess than my inital ones. Assuming Capex will be funded with 30/70 equity/debt split and I'm assuming th equity component will be split between PLV and partner:

AUDUSD exchange rate $0.80
Spot Price (USD) $60.00
Spot Price (AUD) $75.00
Cost of Production (FOB - AUD) $35.00
rate of production (mtpa) 5.00
Capex $150,000,000
Capex debt percentage 70%
Capex debt interest rate 8%
Capex debt amount $105,000,000
Capex annual interest $8,400,000
Capex raising price $1.50
PLV share 50%
PLV shares on issue 78,377,680
PLV options on issue 26,000,000
Assumed resource (mt) 100
Mine life (yrs) 20


Net revenue after production costs $200,000,000
less Interest on Capex debt $191,600,000
less tax at 30% $134,120,000
PLV interest $67,060,000

Additional shares for Capex raising 15,000,000
Total shares on issue (ex options) 93,377,680
Total shares on issue (inc options) 119,377,680

eps (ex options) $0.718
eps (inc options) $0.562

p/e 8.00
cps (ex options) $5.75
cps (inc options) $4.49


Of course there's an awful lot of assumptions here... Rate of production may well be ramped higher, perhaps they'd start at 5mtpa to generate a cashflow then start increasing capacity?

The total resource (100mt) is just a guess somewhere between the current inferred 33mt and the targetted 163mt but bearing in mind the resource is still open on two sides from the targetted that could well be very conservative.

If you want to have a play with the numbers I've put the spreadsheet here.