Guys The market simply has not factored in the update of the...

Guys
   The market simply has not factored in the update of the mineralised resources amounts announced by Clean Teq on October 9th 2017 and the current prices for Platinum, Cobalt, Nickel and Scandium. The table below sets out in Columns
1 the extent of the mineralised resource for each of the four minerals
2 anticipated annual production based on a mine life of 20 years and one 20th years production for each mineral except for Cobalt where the company has stated 5,000 tons per year will be produced
3current prices for Platinum(per ounce) and for the others per ton
4 expected annual revenue based on the current prices and production rates in Column 2
5 costs and tax at 45% of revenues as specified elsewhere by the company
6 Net revenue per annum per mineral
7 deduction of 93 million per year for debt principal repayments for 10 years based on capital development requirements of 943million
8 Net earnings per share AUD
9 Share price US when fully operational at a P.E. OF 12.

The analysis is bit coarse but it won't be far off a bit more capital perhaps required for the Scandium processing but not enough to make more than 25cents per share difference.

The market is behind the curve, there are no analyses which combine a valuation based on the updated resource extent and current prices. It is seriously seriously undervalued.