AVL 3.13% 1.6¢ australian vanadium limited

no one is saying this is 29c a share next week…. Hahafor me,...

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    no one is saying this is 29c a share next week…. Haha

    for me, once we are fully approved and permitted we will be at $300m (3.4c a share), fully funded with construction underway at $1b MC (11.6c a share)

    at 12500mt and $8USD vanadium price (long term average) and $5USD/lb costs we will have free cash flow of 1.9b a year less ongoing maintenance capex spend, income tax, depreciation etc.

    suddenly the 2.5b MC is very achievable. This isn’t factoring in the electrolyte business.

    I don’t expect the shares on issue to exceed 12b. Currently at 8.6b and my view is that most of the required capex can come from NAIF/ARENA, commercial banks etc.
 
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