Hi there.
Hope everybody is fine. Soon we get the quarter report. Great. Looking forward.
If i calculate right, im comming on the following numbers:
BFS from 19.7.2022
Evualuation takes US$ 1.30/lb
Post-tax NPV of US$ 363 Mio.
Post-tax NPV change per +0.10 = US$ 156 Mio.
So the actual price of Zinc is US$ 2.0139/lbs what would be:
2.0139 - 1.30 = 0.7139
So the BFS says in Table 3, that the NPV changes per US$ 0.10/lbs makes a difference of US$ 156.
We calculate this 0.7139 x 156 = US$ 1‘113 Mio.
Post-tax NPV = US$ 363 Mio.
+ Price Sensitivity upwards because of Zinc price ralley US$ 1‘113
= NPV of about US$ 1‘476 Mio.
If we take a certain deduction because of uncertainty in equity raising and Exim approval of about 40% we are still at a Post-tax NPV of arround US$ 886 Mio.
Our acutal marketcapitalisation is AUD$ 65.36 Mio.
886 : 65.36 = 13.55 times
Actual share price is AUD 0.05 x 13.55 = fair value with considering that we reduced a 40% discount of risk i would evaluate a fair shareprice of the company of AUD 0.67 per share.
And i did not consider the other projects, Ironbark Zinc has in his hands.
So im very very confident for the development and the outlook of Ironbark. Thank you all for your honest opininons what you think about my calculations.
Kind regards and happy easter
Akpa14
