shldve said they HAVENT completed PFS/BFS to get costsAlso even...

shldve said they HAVENT completed PFS/BFS to get costs

Also even if we assume that they raise 150mill at $2 to get 300mill of the 350 capex and borrow the rest of the 50mill:

that would give us a share base of 205mill (present) = 150mill (raised at 2bucks) = 355mill

Assume another say 20mill options, and we have a capital base of 375mill

120mill NPAT (post 40% resource tax) / 375mill capital = EPS of 32cents a share

Give a PE 10: $3.20 valuation

its a 3 bagger

*** Again note , i havent researched this enuff, so any1 thats in-the-know please add to this or correct it. thanks