Hi InvestotPaul
- looks like they are going to amalgamate with other resources in the area to boost total resource.
- I assumed 70% MHM, 30% other
- yes the Capex being floated around is at $500M
- from here I want the other way and asked what return or payback would the new company want on its capex. Probably a high of ten years to a low of five years. For arguments sake lets say seven.
- we then end up with an EBITDA of $500m/7 = $70M
- say half debt funded - therefore interest cost = $20M
- Net profit before tax = $50M
- Depreciation on $500M would be $25-40M so negligible tax (say) $10M
- Therefore NPBT = $40M. PE ratio of 12 = $480M market cap.
- Agree that the company holding the resource would be 20-25% and then take 70% of that = 15%. I have major at 40% and IPO at 45%. To attract investors and taking into account 2-3 year build forward PE say at 8 therefore new company floated at $320M - IPO raises 45% = $144M + $128M from major shareholder (40%) = $272M which is roughly half the value of the required capex which agrees to my earlier assumption.
So a mc of $320M of which MHM shareholders receive 15% = $48M = about 35c/share.
Now probably more by good luck than good measure but basically get about the same as you Investorpaul but by using another method,
Spozzie
- Forums
- ASX - By Stock
- VYS
- potential value of the silica project to mhm
VYS
vysarn limited
Add to My Watchlist
2.02%
!
50.5¢

potential value of the silica project to mhm, page-4
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
50.5¢ |
Change
0.010(2.02%) |
Mkt cap ! $263.7M |
Open | High | Low | Value | Volume |
50.0¢ | 51.0¢ | 49.5¢ | $639.8K | 1.273M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 45236 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 40540 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 29081 | 0.500 |
5 | 27909 | 0.495 |
3 | 8292 | 0.490 |
1 | 3000 | 0.485 |
1 | 10000 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 92351 | 1 |
0.510 | 40540 | 1 |
0.515 | 1211 | 1 |
0.520 | 39608 | 6 |
0.525 | 100000 | 2 |
Last trade - 15.07pm 02/07/2025 (20 minute delay) ? |
Featured News
VYS (ASX) Chart |
The Watchlist
RAC
RACE ONCOLOGY LTD
Dr Pete Smith, Executive Chairman
Dr Pete Smith
Executive Chairman
SPONSORED BY The Market Online