MGT share price, page-1404

MGT
Prepared 26/01/2021
		2013 PFS		2021 PFS My Guesstimate
Production estimate		9.3 mtpa		10 mtpa
Capex		$1.2b		$1b	wild guess - with selective mining approach and use of existing infrastructure, it could go lower
OPEX C1 Estimate		$69/t		AUD$55	Roughly 20% saving with next ore tech as per NextOre CEO Chris Beal. It should be much lower than this with the use of existing iinfrastructure and selective mining.
NPV		$2.2b		$4.9b	NPV calculated at 14% discount rate in line with 2013 PFS
EBITDA		$442m/ year		$785m/year
Forward Iron ore price		$120/t		$137.5/t	Calculated USD110 at 0.80 AUD. Based on USD90 base price of FE 62% assuming we produce 67% FE at $4 premium per fe%
Life of Mine		50 years		50 years
Forex Estimate		USD1:AUD1		USD1:AUD0.80
Total SOI				4b	Assuming another 1.1b issue for future CR
Estimated price per share by the time we go to production				$1.225/share
Upside potential				5733%

*** All number are in AUD

Hey Guys, this is what I came up with. I estimated based on production rate of 10mtpa. The comparison is based on 2013 optimized PFS.
I know some of my estimates are conservative like iron ore price by the time we go into production is estimated at usd90/t. It could be higher.

I would appreciate you guys views/correction.

Note: This is strictly my opinion only, not financial advice, DYOR.