People including Mark Calderwood have said that the resource could be as large as 100Mt, I would conservatively be happy with 50Mt across Bald Hill and Cowan. If they can even turn 60% of that into reserves that gives 15 year LOM at 2Mt. That is more than enough to warrant blue sky on current MC.
That would represent something like 150Kt at A$650 margins attributable to TAW. EBITDA of $97.5m. Expected capex attributable to TAW to get to that point might be $50m.
Gives a pre tax NPV10% of something like $630m. Not even close to fair value yet.
- Forums
- ASX - By Stock
- TAW
- TAW Charts
TAW Charts, page-961
-
- There are more pages in this discussion • 124 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)