Financial Analysis and funding scenarios, page-3

Probably the single biggest variant outstanding (may explain market reluctance to jump on), being the amount zee Germans are going to ask for, for the product guarantees. ie total finance amount - if you have an estimate, you can plug in.

im guessing total finance amount to be around 1.2bn

- take the total finance amount ($1.2bn)
- x 30%, 70:30 debt equity has been indicated - (360m)
- estimate a raise price, at or around the oppies? - say ~0.20c
- additional shares (~1.8bn)
- total shares on issue (~3bn)
- Estimate a market cap on run up, NPV reasonable? PLA did it, didn’t they? $3.7bn
- share price 3.7/3=$1.23 (PEAKE Val only)

pretty conservative scenario, may be totally flawed but it’s how I’ve been thinking about it. Welcome thoughts, particularly on the total finance amount and the raise price.

debt mix - senior, mezz etc., not sure we really
care? Something for the CFO of a $10bn miner to worry about

shout out to all the contributors here- good group. Cheers