Edison update 20th July 2020

  1. 2,237 Posts.
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    Hi all,

    If you haven't seen it, update to the Edison valuation from the DFS results:

    https://www.edisongroup.com/publication/valuation-update-post-feasibility-study/27309

    Not a lot new there if you have read the DFS as well, but perhaps explains it in clearer language.

    Long and short of it is stated at the top; immediate valuation of 1.8c now, with 4.82c being a rough target when the project is derisked, and 6.41c if they are able to extend the mine reserves (and thus project life) further with other sources of feed, such as from Separation Rapids or Alvarroes.

    Cheers
 
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