Nice close above $US1.60 per lb and what a week!
The recent Banking Feasibility Study (BFS) shows the Citronen project has a post tax cash flow of $US1.46 billion equating to an NPV (at conservative 8%) of $US 363 million, based on a zinc price of $US1.30 per pound. The project has considerable sensitivity to movements in the zinc price with every US$0.10/lb impacting NPV by approximately US$150M and post-tax free cash flow by US$360M.
So, at $1.60 NPV jumps from $US 363 mill to say $US800 mill or over $A1 billion. Not bad for a market cap of $55 mill.
Monday could be interesting and any further EXIM progress would be much appreciated!
Nice close above $US1.60 per lb and what a week!The recent...
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| Open | High | Low | Value | Volume |
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| Last trade - 11.54am 10/05/2024 (20 minute delay) ? |
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