Have posted on CFE stock thread but could be valuable to others on here
Target Share price CFE – 27/06/17
Column 1
Column 2
Column 3
Column 4
Column 5
0
Cobalt Price US $ pt / Production tpa
3000
3500
4000
4500
1
50,000
0.086
0.101
0.115
0.130
2
55,000
0.099
0.115
0.132
0.148
3
60,000
0.111
0.130
0.148
0.167
4
65,000
0.123
0.144
0.164
0.185
5
70,000
0.136
0.158
0.181
0.204
6
75,000
0.148
0.173
0.197
0.222
7
80,000
0.160
0.187
0.214
0.241
8
85,000
0.173
0.201
0.230
0.259
Share price forecasts assume US AU exchange rate of .75
Calculations have been made assuming a 50% earn to CFE based on their JV agreement
A conservative price to earnings multiple of 3.5 x has been used and represents significant upside should the market value at a higher multiple.
Calculations assume a AISC of US $15000 / Tonne
