re: + interesting comparison $$
1. MOL Study thread: http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=238565#736128
"Extract: The CU component is 0.1% or 281,000 tonnes or based on $US1.60/lb, the equivalent is 2.15 mill ounces of Gold. This single heap is worth in total 34.3 mill ounces or based on Gold=$US460 and $A=0.77, a total sum of $A20.49 Bill ($A 20490,909090).
MOL has 29.6 mill shares. Also 1.47 mill year 2007 options, 1.07 mill year 2008 options and 13.4 mill 2009 year, a total of 15.87 mill options, all unlisted. Fully Diluted: 45.54 mill . Note that Production is supposed to begin on 1 June 2007, so all these options will be exercised after the start-up. However, it is best to present the final data in undiluted and diluted forms.
UNDILUTED: The share price is $A1.33, so the Market Cap is 29.6 mill *$A1.33 or $A39.368 mill or per $A1 Market Cap., one has a InSutu resource worth about $A20.49 Bill / 39.368 mill or $A520, a high number IMHO. Per Share: $A692.
DILUTED: Per share, one gets an InSitu resource value of 20490.9 mill / 45.55 mill or $450, another nice number. Of course, there will be a Placement prior to the Capital Construction which is between $350-$400 mill at present. MOL has $17.6 mill cash at the moment (60 cents/share)".
"CURRENT PRICES AND MARKET CAP: Gold price: $460/lb, CU: $1.50/lb and Mol: $38/lb Current share price: $CAN 5.22. shares: 58.6 mill and Market Cap: $CAN 305.9 mill.
From my previous posts: We must be getting close to 227 mill ounces of Gold Equivalent (NCM has 70 mill ounces equiv.) in this one heap, based on Gold=$US450, Copper $US1.30/lb and Moly $US38/lb.
The InSitu value per $CAN1: 227mill*460*1.1703/305.9 mill= $CAN399.0, or $CAN2085/share or $A2352. (Note that the Plant will cost some $CAN1800 mill).
3Oct 2005: Comment: the Share price is now $CAN 5.75 or $A6.72. NDM has more deposits as well. -------------
Westhouse Research: "At recent metal prices of US$1.25/lb Cu, US$415/oz Au, US$7.00/oz Ag, and US$15/lb Mo, the IRR would increase to 35.3% and the NPV, discounted at 5%, to US$7,448"
3 Oct 2005. Comment: Based on present 58.6 mill shares, the NPV per share: $CAN 148. However, these 3 metals have risen since, so the NPV per share could be close to $CAN 200. So, the share price has a lot of ground to make up. Once the BFS, the participation strucure and Finance have been set up, then I expect a significant rerating.