Greetings thrillseekers - Back out the sin bin after my enforced sabbatical, gee those PLV punters are a testy lot LOL !
Managed to have a decent read of the new broker report thats kicking around - Some interesting snippets in the report I thought- Unfortunately copyright prohibits posting it on here but it seems that Zeds assumption of capex north of $300m is not shared by the broker research
circa $200m - $250m looks more on the money other teasers are that it looks like the plant can easily accept 5.5mt as soon as govt approvals are sought to increase throughput- I reckon now Can Do Cam is in and has a touch of $$$$$horts in the QLD coffers that any increase in royalty income would be fast tracked.
The report is only valuing the first 10 years at 30mt throughput and has apportioned no value to the other 240mt or anything for Wilgar or the satellite ore deposits that could ad supplementary fee.
Conservative NPV is in the high $4,s rising to north of $7 if the copper price gets to $4
Estimated earnings per share north of $1.50 and a dividend per share north of $1.
Emphasis also on the bonus of an expected NCU windfall that could significantly increase the profit estimate. Hopefully after the quarterly is released the company may seek to post the report on the website.
In the meantime it looks like the stock has gone to sleep at the $3.20 resistance level.
Hoot
CDU Price at posting:
$3.19 Sentiment: Buy Disclosure: Held
