RLT 0.00% 95.0¢ renergen limited

As a project? Not much.All USD.in: $16.5Mout: $1.7M interest,...

  1. wsx
    923 Posts.
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    As a project? Not much.

    All USD.

    in: $16.5M
    out: $1.7M interest, $4M corporate, ? Staff (we'll know next quarterly), ? LNG logistics (we'll know next quarterly).

    call it between 6M and 9M NPAT, of which $5.7M goes to paying down debt.

    Can't remember off hand what the royalty is but that's not included in the above.

    PE of 6x and P1 is worth like 60M? Not accounting for assets.

    As a takeover target significantly more because the takeover operator isn't capital constrained and can exploit the reserves.

    So that's like $90M Australian, meaning the market is currently pricing in about $120M Aussie of hope/prayers that the larger project can get off the ground.
 
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