Metro Mining Bx = US$/t CIF China 62 Discount for high silica...

Metro Mining

Bx = US$/t CIF China 62
Discount for high silica content -5%
Bx = US$/t CIF China effectiv 58,9
AUD /USD (long term plan) 0,81
CIF China in AUD/t 72,7
Shipping to china in AUD/t -17,4
FOB price in aud/t (see PFS) 55,3
Royalties in aud/t -6,4
effictive price sales price aud/t 49,0
operational costs aud/t -20,3
operational magin in aud/t (see PFS) 28,6
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Sales in MioT/Year 2,0
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Gross Profit in mio aud/year 57,3
interest in mio aud 0
depreciation in mio aud -2,7 (27,4 Mio Capex at 10 year amortization period)
EBT in mio aud 54,5
Tax 30,4% -16,6
Profit /year in mio aud 37,9
multiplier 5,2
Total value company 197

Capex in Mio AUD 27,4
borrowing capital in Mio AUD 0
new own capital in Mio AUD 27,4 (274 mio new shares at 0,10 issue price beginning 2016)

Shares old 288
Shares new 274
Shares total 562

Value in mio Aud 197
Shares total in mio 562
Price Target in aud 0,35

actual price 0,041
potential 756%

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If they get debt, for example from Xinfa, the calculation would look even much better.