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Question - how do the AFR get $4.70/lb as the inferred value of...

  1. 585 Posts.
    Question - how do the AFR get $4.70/lb as the inferred value of Husab?

    The AFR suggest the 270p offer translates to $4.70/lb

    From the DFS report in April, we have 257Mlb indicated and 392.1Mlb indicated + inferred

    For the 257Mlb, I get $9.31/lb
    For the 392Mlb I get $6.10
    so for $4.70/lb we must have 510Mlb?

    I've not seen a resource update - what am I missing here??

    NB my spreadsheet is based on the following:
    today's exchange rate = 1.5436
    see through price for 270p offer = A$9.53
    KAH shares on issue 245,424,578
    EXT shares on issue 251,159,163
    EXT shares held by KAH 107,342,087
    KAH mkt cap @ 270p = A$1,022,860,922
    EXT mkt cap @ $9.53 = A$2,393,291,394
 
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