next best after lyc mining - lyc processing, page-6

Earnings @$70 basket =76.5 cents per share for 22,000tonnes. Likely dividend? Say at a 66% payout ratio 50 cents per share approx.


LYC research Likely earnings
Assumptions:
1,750,000,000 shares on issue including options,
$9 per kilo production costs ( company argues for $7)
Based on sales at $30 per kilo.
Add 12.5cents per share for each additional $10 per kilo achieved for processed product above $30 per kilo.


Based on 11,000 tonnes in year 1= 13.2 cents per share @$30
@$40 = 19.5 cents per share
@$50 =25.7 cents per share
@$60 =32 cents per share
@$70 =38.3 cents per share
@$80 =44.6 cents per share


Based on 22000 tonnes in year 2=26.4 cents per share @$30
@$40 = 39 cents per share
@$50 =51.5 cents per share
@$60 = 64 cents per share
@$70 =76.5 cents per share
@$80 =89 cents per share


Based on 33000 tonnes in year 3=39.6 cents per share @$30
@$40 = 58.5 cents per share
@$50 =77.2 cents per share
@$60 = 96 cents per share
@$70 =114.8 cents per share
@$80 =143.6 cents per share