I am not an accountant so please feel free anyone out there who...

I am not an accountant so please feel free anyone out there who is, to go ahead and correct or rubbish me.

My take on the value of NKWE.
3PGM+AU 34400oz PM= 413000oz PA
Basket price 3PGM+AU aprox $1200oz= $495 mill PA
So gross revenue PER ANNUM = US$495 mill PA

Life of mine cash costs OPEX.Earlier estimates $435 to $535 oz they have optimised the hell out of everything lets say $485oz.

Basket price 1200 minus Opex 485oz= Revenue US$295 mill PA

Expenses Simplified.

All other exp 6% of net revenue = $17700000
Amortise Capital expense over 10 yrs PA $62500000
Interest say 8.5% $53125000
Tax estimate @29% $47000000
_________
ROUNDED total exp(after Opex acc for $180000000

Net revenue after OPEX $295000000
Less general exp above $180000000
$115000000

NKWE own 74% of Garatau = so $ 85000000
Divide by 625 mill shares = .136 cents per share eps
PE of 10 with 50 yrs of mining to come with no capex left after 10 years.Sure they have to come up with 45 mill but that is for Tabatsu,another story all the above is Garatau.

So my valuation is $1.36 per share UNDILUTED.

OK fellows tear me to pieces!