ok, so hear me out and I know folks get all ancy with valuations and ramping but i want to test some logic.
if we were to confirm a JV for a CAPEX expediture of 400 million, then we'd effectively have some portion (lets say 50%) of a 400 million dollar asset plus the earnings for the sale of vanadium and titanium (again lets say 50%. Now its hard to apply earning multiples but based on the asset alone the MC (after a confirmed JV) would have to sit somewhere above 200 million, which would be around 20c per share assuming no more dilution. add in the sales and earning multiples and god nows where the price would be as vanaduims price keeps rising. I also think it would take about 5 minutes to find a JV as the mine life is stupidly large.
this doesn't even include mt remarkable which is proving to be a monster.
so if all things go according to plan, a long term projection (2019) should be 20c plus ?
KRC Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
