Actually, I was reading an announcement this past week from a company that mentioned TEM. Unfortunately I can't remember the company & I don't know if it's the same TEM technology but I did wonder at the time. Sorry I can't be of more help.
As an aside, does anyone know what the approx cash costs are for mining Tropicana?
I see they will be producing 330-410kz pa for 8-10 years. That's 100-120koz approx net to IGO. If you give the nickel assets a PE of 10 based on FY10 results, that takes up approx $300m of the MC. At a share price of $7 the MC will be approx $1B after dilution from the cap raising. Therefore $700m MC for the gold & other assets.
MML are producing about the same as what IGO will be & have an MC of $1B. However their cash costs are very low (US$190 per oz). Both companies have upside to gold production. Cash costs are the key in valuing the assets though.
ten conductor, page-2
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$5.66 |
Change
-0.060(1.05%) |
Mkt cap ! $4.286B | |||
| Open | High | Low | Value | Volume |
| $5.70 | $5.70 | $5.50 | $18.23M | 3.250M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6610 | $5.62 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.66 | 46875 | 3 |
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