Thats awesome Danash, very informative.
Heres my uneducated valuation for comparison.
I will factor in a worst case scenario for capital raising by adding 600 million shares at $1 to fund the construction costs. There is no way that I think management would dilute CPL by doing that but will look at worst case.
That would make approx 1 billion shares on issue at production with no debt.
Producing 8mtpa at US $50t profit gives a US $400 million profit pa with a 150 year + mine life.
On a very conservative PE of 8 , CPL would be valued at US $4 billion or US $4 a share.
Sherritt has a PE of 12 and Grand Cache 33, considering CPLs mine life a PE of 12 + is more likely ,ie $6 a share. Of course if CPL doesnt dilute ( as Im sure they wont ) this scenario could be much better.
I know my theory is very simplified and am happy to be corrected.
Good luck all holders
gmc
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