costings and profits

  1. 816 Posts.
    lightbulb Created with Sketch. 20
    I am new to ATI, but am interested in the vanadium story.
    I've been looking at past reports etc for this company.
    A bit disappointed in what appears to be a lack of information.
    Firstly, production is set to start next quarter, yet there are no broker reports available.
    Also, I cant see any costings in the company's reports.

    My very basic figures are as follows:-
    Sale price = $30/kg
    Producn costs = $15/kg (incl credits)
    Annual production = 6,000T/yr approx

    Gross profit = (30-15) x 1,000 x 6000 = $90m pa.

    Debts = $335mill @ 11.5% pa.
    Interest = $38m pa

    EBITDA = $90m - $38m = $52m

    With a conservative PE of 6
    This gives a future MC = $312m
    Current MC = $210m

    Potential upside is 50% -
    not great considering commissioning risks, global market risks etc

    If anyone has a more detailed set of figures, I'd be interested to see them.
 
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Currently unlisted public company.

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