CII structure:
73mln shares @ 38c = $27.70mln (market Cap)...
1/ Own 39% of Phosphate Resources which currently producing 700ktpa of Phosphate (cash cost should be less than $100/tonne), at current price of +AUD400/tonne, CII potential share of revenue:
39% * AUD400 * 700kt = AUD109.2mln.
Assuming cash cost is $100/t (20%), taxes (20%), other overheads (20%). Then NPAT is approx. 40% of sale revenue or AUD42.5mln.
2/ MOU to develop 500ktpa with the Chinese at Hunan, assuming CII can farm in for 30%, that is 150ktpa net to CII, with the same assumption above CII can make another $20mln per annum out of this project.
Total: $42.5mln + $20mln = $62.5mln per annum....
Current share price (MC)is a joke...... substantial holders been accumulating (check hstorical announcements), issue relate to mining licence at Chistmas Island will be definitely extend to at least 10 years, the economic values are too signficant to ignore....
Disclaimer: i hold plenty....
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CII structure:73mln shares @ 38c = $27.70mln (market Cap)...1/...
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