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Haplo

17,217 Posts.

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13/04/17

16:13

Post #: 24064350
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Originally posted by UY Scuti ↑

From Figure 9: Base case – high case project valuation estimates, pg 11 (based on their assumptions), you can work out the Bald Hill project valuation in terms of share price.

As as example Canaccord have base case mine life 7 years NPV of A$234m, divide by 2 to get TAW's share of A$117M (50:50 JV), divide this by shares issued 382.1M (from April's Investor Presentation) and share price value is 0.31.

View attachment 546330

So share price valuation for just TAW's 50% share of Bald Hill project is 0.31 - 0.72.
Note, TAW also have other projects which will add to the SP value:
- Cowan Lithium Project (100%)
- Yallari Lithium Project (option to purcahse 100%, this was missing in Canaccord's report)
- Uis Lithium Project (option to purchase 100%)
- Mofe Creek Iron Ore Project (100%)

IMO the SP could easily be valued over $1 if all those projects come on line, DYOR.

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Are those evaluations with only one DMS circuit ? I think a second is coming on line in the second year from the report. Just wondering what the valuation would be with two ?

Haplo

TAW Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Canaccord Commences Coverage, page-9

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HotCopper Highlights: Trigg; Droneshield; Lumos & more

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