Hey Croc , Look what this guy's has assumed this time , instead of the WKT's confirmed $29 million capx, the latest we have Trevor Benson saying in a recent presentation its as low as $25 million ,
Cam asumes 49.5 million capx for Lindi , he also assumes that should WKT be funded by 100% equity and a capital raise @13.5c for the full $49.5 million ? is this guy assuming ? or downramping ?
WKT have confirmed Silk Road funding for over $10 million ,
WKT have our engineering partner JP sourcing up to $8 million in equipment ,
WKT actually need only a further $15 million , as per Benson's presentation below.
Until a mining licence is granted no one gets full funding , WKT has done very well to get deferred funding.
He still throws in a further 5o% discount as a country risk , and still gets to 22c valuation , is this guy crazy
With A mining licence granted , Binding off take agreements and finance approval will significantly re rate WKT , what then, still 50% country risk?
Why not apply all these assumptions to our peers ?
Applying the same assumptions to our Tanzanian peers would be scary if you were invested in them.
Funding Lindi. We assume the Lindi Project capex is $49.5m, funded via 50% debt and 50% equity. Funding any project can be a challenge however we acknowledge that debt funding a Tanzanian project may be a significant challenge. Should the project be funded via 100% equity, and capital was raised at $0.135/share (ie above today’s price), our valuation would reduce to $0.20/share. We estimate WKT currently has around $5.5m in cash and no debt to get
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Hey Croc , Look what this guy's has assumed this time , instead...
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