$93 million cap for 257.3 million shares including options
0.375 minus 10% = 33 cents/ share @ capital raise with discounted offer.
$630 million needed plus management bills and current overheads for 2.5 years construction period
$630 million plus 5 million = $635 million
635 million divided by 33 cents = 1.924 Billion shares plus the current 257.3 million on issue = 2.18 Billion shares at current evaluations.
I would buy these shares but they are way overpriced today.
if you produce 3700 tons per annum at $25/pound
The case study is $10 cost price per pound
so $15 so $15 profit/ pound.
2200 metric pounds x 3700 tons = 8 140 000 pounds
multiplied by $15 USA = $122 100 000 USA/ annum
.122 x 1.3 exchange rate today = $158 730 000 au dollars.
158 730 000 divided by 2.18 Billion shares is the earnings of 7.5 cents/share/ annum
The numbers don’t look that bad but to get those earnings would project a 3 to 5 year period ahead.
A good investor should at least double their investment every 5 years as a rule of thumb so discount the 7.5 cents to 3.75 cents if I invested today and only received a return in 5 years time..
Given a multiple of earnings of 10 for this industry....
That would place the share price at 37.5 cents/ share
Why would I invest at a 5 year projected share price
rate today? 20 cents/ share would be fair value today.
Unless management comes up with a better solution
going forward....
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Buyers (Bids)
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Price($) | Vol. | No. |
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5 | 147686 | 0.088 |
5 | 64000 | 0.087 |
4 | 55755 | 0.086 |
10 | 325500 | 0.085 |
Price($) | Vol. | No. |
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0.090 | 48614 | 5 |
0.091 | 184989 | 4 |
0.092 | 25999 | 2 |
0.093 | 47050 | 4 |
0.094 | 51461 | 3 |
Last trade - 10.31am 03/05/2024 (20 minute delay) ? |
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RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
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