Euroz-
Mn concentrate export operation commencing at ~360ktpa in FY22prior to a twofold increase in capacity and production in FY23;
An inevitable expansion to high purity Mn production via E25’sestablished hydrometallurgical process flowsheet which hasdemonstrated the capacity to produce EMM at a purity of99.95%Mn from Butcherbird ore;
Our NPV10 valuation of $1.08/sh excludes the material upside of theproduction of battery grade Mn sulphate;
We apply a risk-adjustment factor of 70% to our valuation, largelyowing to the binary nature of whether or not ore sorting canrepeatedly beneficiate the Butcherbird ore to a concentrate gradingat 33%Mn;
$5 a share is perhaps a little light looking forwards 3 - 4 years. With interest rates as low as they are, an NPV10 is very pessimistic.
Euroz-Mn concentrate export operation commencing at ~360ktpa in...
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29.0¢ |
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Mkt cap ! $62.67M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.0¢ | 28.5¢ | $11.52K | 40.26K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 18014 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 7961 | 3 |
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| E25 (ASX) Chart |