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11/06/19
00:20
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Originally posted by mbomb
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I made a financial model based on the parameters and assumptions in the scoping study and it was a very attractive NPV, particularly in relation to CAPEX. To try and synthesize that down to a market cap now requires a whole another bunch of assumptions which are harder to reasonably forecast. Then theres also the fact that model didnt include HPA which can contribute 25-50m+ more in yearly revenue and further expansion of the plant.
I think for where the company sits today a market cap of 20-30m for a project with a very positive Scoping Study and a clear path forward is quite reasonable. As things get ticked off (pfs/pilot run) that will rerate upwards and of course any strategic investment/offtakes would re-rate that further upwards.
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whoaaaaaa..... even a $20 mill market cap means share price == 6 cents!!! ..... ok maybe will try buy more before every1 finds out dat PM1 potential....