If the choice is between getting $200 mil now vs $1 bil in PV spread accross the life the mine. I might be tempted to say, get ur shovels and start digging.
A WACC of 10% is low but reasonable, given that there will be a share of debt in the calculations which will have pulled down the WACC, therefore the cost of equity would have been higher than 10%.
TS will never buy-in to this but actually mining the thing might be good for shareholders as we might enjoy; 1) further rises in iron ore and 2)further increases in reserves.
marampa project npv, page-8
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.20M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 1.9¢ | 1.9¢ | $28.79K | 1.515M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 114177 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 1001551 | 7 |
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| Last trade - 15.17pm 14/11/2024 (20 minute delay) ? |
| CLE (ASX) Chart |