This project does not look financially viable to me and I can see the share price here continuing lower to reflect that.
This is taken from the Broker Report :-
"Financial Returns & Payback: With a mine life of 33 years (based on Indicated resources only and a approximate 1:1 strip ratio) and assuming a uranium price of US$70/lb for uranium and US$41.60/kg TREO, the project generates a pre-tax ungeared NPV10% of US$4.6 billion, an IRR of 32% and a payback period of less than 4 years;"
Uranium spot price is currently $40/lb
http://www.uxc.com/review/uxc_Prices.aspx
Current Mt Weld TREO price is $41/kg and looks to be falling (especially with some major supply coming online)
Where are GGG going to get $1.5bn in capex investment when the project IRR is a high risk and overstated PRE-tax IRR of 32% ?
- Forums
- ASX - By Stock
- ETM
- broker reports
broker reports, page-21
-
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ETM (ASX) to my watchlist
|
|||||
Last
2.4¢ |
Change
0.001(4.35%) |
Mkt cap ! $33.80M |
Open | High | Low | Value | Volume |
2.2¢ | 2.4¢ | 2.2¢ | $1.43K | 63.71K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 200919 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 173385 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 200919 | 0.022 |
5 | 531795 | 0.021 |
6 | 1109975 | 0.020 |
6 | 2188488 | 0.019 |
1 | 1128947 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 175295 | 2 |
0.025 | 159629 | 2 |
0.026 | 202069 | 2 |
0.027 | 334662 | 2 |
0.028 | 2708 | 1 |
Last trade - 10.57am 20/08/2024 (20 minute delay) ? |
Featured News
ETM (ASX) Chart |