Easy to double count and kudos to you for picking up error.
Using your numbers you could also say 300,000 MTU/ 40 years x $20 x 2,204 lbs/MTU x 0.5 enrichment factor x 10% royalty / 0.75 exchange rate / 170,500,000 shares / 20 pe = $2.58
Less a couple of years to get started. No cost to SLX as royalty.
Then plus cash then plus IQE....
I'm just using your methodology ( which I haven't checked) and basic arithmetic. Wouldn't rely on these, but nice to have a discussion on valuation. Seems appropriate as horse is now in front of cart.
K
SLX value on DOE deal, page-4
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Last
$3.54 |
Change
-0.010(0.28%) |
Mkt cap ! $838.5M | |||
| Open | High | Low | Value | Volume |
| $3.53 | $3.55 | $3.47 | $1.894M | 538.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1015 | $3.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.56 | 271 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| SLX (ASX) Chart |