CAP summary and NPV, page-9

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redned71

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25/05/21

09:23

Post #: 53390368
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Originally posted by Tran: ↑

Someone could be in data room of CAP to examine the details of this project right now and I would not be surprised it is one of these: MINERAL RESOUCES (MC = $8.2bil, involved in iron ore and Lithium businesses), Champion Iron (MC = $3.3bil, currently mining iron ore in Canada) and WESFARMERS (MC = $62bil, owner of Bunnings, Officeworks, Kmart, Target,...and also in coal and lithium business. The last time it bought 1/2 of KDR's Mt Holland lithium resource for $850mil).

The way it is stupidly valued at less than 1% of its NPV of $6.2bil at 62% Fe price of USD $120 is just unbelievable and is making it an obvious target for take over.

Most of mining project at pre-BFS stage would be valued at 15%-17% of NPV and moves to 30%-50% of NPV after BFS.

A $200mil take over offer of CAP is dirt cheap in my opinion.

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g’day Tran.
unless things have changed since my day (& they could have), CAP would have to announce it has set up a data room. They don’t have to say who is using it, but the fact it exists must be declared to the market. VERY price sensitive information. So I suspect it still stands.
cheers,
ned.

CAP Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
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CAP summary and NPV, page-9

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