The additional 18M has been raised to fast track the development of PB and target a "Decision to Mine" mid 2015.
The previous plan was for a Stage 1 AN start up sometime in late 2014 and use funds from AN to develop Stage 2 PB which could take potentially another 3 years... sometime in 2017-2018.
The CR today will dilute the SH today by 20%. So what do we stand to gain?
As per the announcement today both Stage I and II could potentially come online in 2015 rather than staggered with some 3 years between them. I've taken the liberty to use Kalenn's numbers from post 9773803:
Volume of copper 40000.00 (in 2015 not 2017-18 previously)
Volume of Gold 26400.00
Cu price per lb. 3.293
Au price per oz. 1320.00
Interest charges 10%? -5800000.00
costs excludes admin etc -84000000.00
shares on issue 1354900000.00 - adj for additional 254M
cash receipts 325158880.00
Earnings 235358880.00 Less 4% Royalties 225944524.8
earnings per share US$ $0.1668
earnings per share A$ 0.1755 (.95cAU)
PE 10 $1.755
(Use your own numbers above to suit)
So today's CR also has the potential to significantly fast track the SP appreciation for all SH.
I am happy to cop a 20% dilution today to receive a 20+ bagger in 2 years time rather than wait out to 2018.
PS: Kalenn hope you dont mind me using your numbers.
- Forums
- ASX - By Stock
- AVB
- oversubscribed
oversubscribed , page-30
-
- There are more pages in this discussion • 82 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)