ADT 2.38% $3.69 adriatic metals plc

Sup Karl, page-14

  1. 613 Posts.
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    Oh boy, here we go again. More keyboard warriors who find it much easier to spout off than doing the math.

    And what is Sandfire going to do with their cheque, @vcj1925? Waste another 10 yrs looking for a replacement for a mine that's going t*ts up in 2?

    Most miners have internal mandate for 15% post-acquisition IRR... how many 10 yr LOM projects with IRR over 90% and over 1Bln NPV8? This is one of those rare projects that only come around once every several yrs. Karl will be waiting a long time for another company-making opportunity like this. The IRR is so high here, Karl can afford to pay up (even with high WACC) and still manage a very respectable post-acquisition IRR here and that is the math that matters.
    Last edited by PamplonaTrader: 04/07/20
 
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