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17,233 Posts.
954
17/12/07
10:19
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say they find...
100mt
200mt
300mt
400mt
spot price $100mt (conservative)
and if they were to extract and sell
and using 10% return after costs (conservative)
using 950 mill shares...for ease calculation
100mt = $10 billion
after costs = $1 billion
SP $1.05
200mt = $20 billion
after costs = $2 billion
SP $2.10
300mt = $30 billion
after costs $3 billion
SP $3.15
400mt = $40 billion
after costs $4 billion
SP $4.21
Now to find a SP valuation
based on in-ground find only with no development
maybe just a straight sell of the find
...and not allowing for any royalty
...and not including any other FDL assets
And using $3mt (very conservative)
100mt .....SP = 31c
200mt......SP = 63c
300mt.....SP = 94c
400mt.....SP = $1.26
*And all based on $100mt which may well be closer to $150mt come this time next year*
SP is currently 9c
cheers
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