Hey binwood,
I've done some reading and generally agree with your thoughts. Few things I noted.
1. PLS Opex dfs US$333/t without tantalum credits. Gxy latest ramp up opex is US$389/t excluding marketing and royalties costs (Probably add US$60/t) but also no tantalum credits utilised. Gxy says this will reduce over coming quarters once steady state achieved.
So all in all they will be quite similar though agree PLS will produce cheaper.
2. The foster stockbroking report suggests the remaining PLS funding to be a mix of equity,debt and prepayment. Likely equity component of AUD$50million. This would add a further 147million shares at current share price.
3. Both hard rock plants will be nice little profitable operations. Though comparing either to sal de vida - well neither even come close! PLS annual net cash flow will be AUD$100m while GXY Sal de vida is estimated at AUD$240m. Now that is a serious cash cow!
- Forums
- ASX - By Stock
- SDV + Mt Cattlin v Pilgangoora
Hey binwood, I've done some reading and generally agree with...
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online