General Discussion Banter GLN, page-13939

sorry for posting multiple times. i saw your question after i wrote my answer. strange that i found exactly this on my hard drive. i simulated it for you in several steps. in my example, i'm assuming stage two because this is the recent study. i took the numbers (opex, sustaining capital, production rate, ...) from the dfs stage two and did not change them. this is not financial advice. please always make your own dd!


the lines framed in gray represent the numbers from the dfs stage two.

1) gross margin.horizontal line = selling price per ton lce - royalties (3%). vertical line = opex per ton lce. now you can first see the gross margin / ton lce as well as the percentage clarification in a kind of heat map.



2) ebit. the upper number is gross profit. below you can see ebit. in it, 4% depreciation (from total capex) has already been deducted.



3) next we take care of nopat. dark background nopat. on the left you can see numbers from 6 - 12 under each opex, which is supposed to represent the p/e ratio. this gives you an estimated market cap.



unfortunately the rest didn't fit on the screenshot. i am just a human. if you find an error, let me know. don't take this as a replacement for a detailed dd, which everyone should do for themselves.