I will try Forestfield ,my area of knowledge in resources is limited I really prefer industrials , balance sheets , and cash flow businesses to invest in.
LRS in its presentations advised that Guado really was its flagship project , and so far have spent between $7-10 million getting to a JORC situation and proving up the numbers .
LRS did this so the company could seek the funding and assess a fair JV discussion .
A JV partner will need to spend around $100 million to get the project to a position of being able to produce andalusite, magnetite , some gold, some rare earth's from the 1.3 billion tonnes of resource at a 5.6% heavy metal content .
If you discount the gold and rare earth's income completely the value is in the 25% of the heavy metal being andalusite and 25% being Magnetite .
20 million tonnes per annum over 1.3 billion tonne resource will give an infinite mine life
20 million tonnes at 5.6% heavy metal is 1.12 million tonnes of heavy metals
25% is andalusite and is valued at $300 -450 per tonne
25% is Magnetite and is valued at $100-125 per tonne
Using 33% operating cost ( Peru is a low cost environment ) and receiving $300 and $100 per tonne price each 50% JV partner generates around $17 million per annum free cash flow per annum to each JV partner .
On that basis the opportunity to increase plant size and process tonnage per annum would increase and as such ...the calculator then blows up
Just my opinion
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20.0¢ |
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Mkt cap ! $560.2M |
Open | High | Low | Value | Volume |
19.5¢ | 20.0¢ | 19.0¢ | $7.396M | 37.90M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 155000 | 19.5¢ |
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Price($) | Vol. | No. |
---|---|---|
20.0¢ | 6311996 | 51 |
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No. | Vol. | Price($) |
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3 | 155000 | 0.195 |
4 | 301545 | 0.190 |
5 | 568053 | 0.185 |
8 | 853527 | 0.180 |
6 | 1044477 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 5589814 | 40 |
0.205 | 4429697 | 22 |
0.210 | 4625830 | 29 |
0.215 | 1391558 | 19 |
0.220 | 2199510 | 36 |
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