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Maigret1

1,530 Posts.

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21/11/18

19:44

Post #: 36592981
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Originally posted by Solarbat ↑

Interesting reading AUZ's BFS today. They need to find ONE BILLION DOLLARS to build their mine. Good luck.

I bought into BAR and CNJ because of the relative low CAPEX of Mt Thirsty. In an uncertain market, I'm much more comfortable going after $212 million than a billion. And BAR directors seem to think it's likely nickel and cobalt yields will increase in PFS numbers, boosting our project payback and NPV. Time will tell.

AUZ Sconi BFS metrics VS:

o Total capital cost estimate: US$974million (Mt Thirsty $212 Million)
o Project payback period (post tax): 5.2 years (Mt Thirsty 4 years)
o Pre-tax IRR: 21% (Mt Thirsty = the same)
o Post tax project NPV8%: $697 million (Mt Thirsty $290 million - I think this is very likely to increase in the PFS)

Solarbat

@procrastinato

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Corresponding marketcaps are crazy....

AUZ 140 Am$
BAR/CNJ JV combined around 18 Am$ (assuming 50% of BAR's value is covered by the gold asset)

AUZ 25 Am$ and BAR/CNJ JV combined 75 Am$ would be fair valuation

Last edited by Maigret1: 21/11/18

BAR Price at posting: 3.5¢ Sentiment: Buy Disclosure: Not Held
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0 Great analysis

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