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6.10%

38.5¢ sunrise energy metals limited

Took capital cost from July 21 presentation...Conservatively...

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ConvexPirate

84 Posts.

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11/04/22

14:07

Post #: 60784397
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Originally posted by blackeyed: ↑

The capital cost is incorrect and way over the likely cost unless you are including sunk costs which are not in the NPV calculation in the DCF. The analysis is fundamentally wrong in that debt is now 1.2billion US. (900million private finance, 293million us export finance debt at 2%). This little number is wrong wrong wrong and stacking everything against the project.
When you take the debt into consideration at 1.2billion US and taking out sunk costs the cost in us dollars is about 1.93billion so we are looking for between 700m and 800m us equity share. How is that remotely a 77% share. This is a fudge plain and simple equity share will be about 36.3% so off the bat the 16 share price comes into play according to your analysis

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Took capital cost from July 21 presentation...

Conservatively included the lot...potential for upside surprises...
"wrong in that debt is now 1.2billion US"...which equates to AUD1.6bn at AUDUSD 0.75...
"looking for between 700m and 800m us equity share"...which equates to AUD933 - 1066m at same exchange rate...
Not sure where the numbers don't reconcile...

SRL Price at posting: $3.03 Sentiment: Buy Disclosure: Held
2 Upvote

1 Great analysis

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(20min delay)
Last 38.5¢		Change -0.025(6.10%)		Mkt cap ! $34.73M

Open	High	Low	Value	Volume
38.5¢	39.0¢	38.5¢	$11.50K	29.69K

Buyers (Bids)

No.	Vol.	Price($)
1	14870	38.5¢

Sellers (Offers)

Price($)	Vol.	No.
40.0¢	9879	1

View Market Depth

No.	Vol.	Price($)
1	14870	0.385
1	25000	0.380
2	20943	0.370
1	10000	0.360
2	19758	0.350

Price($)	Vol.	No.
0.400	9879	1
0.410	2865	1
0.425	20000	1
0.490	1240	1
0.495	9463	1

Last trade - 16.10pm 31/07/2024 (20 minute delay)

SRL (ASX) Chart