Short Term Trading Week Starting: 23 Apr, page-41

STTCOMP NZC, FA Long

Market Cap = $90m
Cash = $6m
EV = $84m

Here is a quick overview of the NZC value proposition using the following assumptions:
- Current spot prices for Copper and Cobalt
- 10% Discount rate
- Conservative payability and recovery figures
- No exploration upside (in reality there is loads of upside here for both LOM and throughput)

Inputing these figures gives a combined pre-tax NPV of A$1.45 Billion, or approximately 17x current MC.