AGY 3.57% 13.5¢ argosy minerals limited

Lest have a rough look: Data Used: - Conversion Rate: 1AUD =...

  1. 71 Posts.
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    Lest have a rough look:
    Data Used:
    - Conversion Rate: 1AUD = 0.74USD
    - Shares on Issue: 918,496,575 (Feb 2018 presentation)
    - Market Cap @ $0.3c: $275,548,972.5 AUD
    - Current Debt: Zero
    - Cash on hand: $14,436,000 AUD
    - Market Cap - Cash (AKA, a real rough EV): $261,112,972.5 AUD
    - Price for LCE from ORE: $13,533/t USD (March 2018 quarterly report)
    - Plant 1 will produce 500t/yr

    Therefore:
    Stage 1 will make: $6,766,500USD/yr based on ORE current prices
    AGY will receive 90%: $6,089,850 USD revenue from stage 1/yr
    Transfer rate: AGY will make $8,206,073 revenue/yr from Stage 1
    This is my EBITDA as I cant be bothered finding the other parts of it
    EV/EBITDA: 31.82 (bit rough)

    Required Market Cap for $1/share: $918,496,575 AUD
    Minus Cash on hand: $904,060,575 AUD
    EV/EBITDA: 110.17

    Based on 2,000t/yr from stage 1+2:
    AGY Revenue: $13,533USD*2,000 = $27,066,000USD = $36,471,435 AUD
    AGY gets 90% = $32,824,292.4AUD/yr

    $1/share EV/EBITDA: 27.54

    I fully understand that caclulating EV/EBITDA for small caps isn't great, but it's all I know.
    The calcs are a bit rough, I'm not fully around reading balance sheets, please correct me where I am wrong, DYOR.
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