Alternate to the NPV - all IMO
Can see then if on Ancuabe large debt finance protects the value
$US 44m ($A58m) EBITDA / 768m FP
=7.5c per FP
Allow for a modest equity component but. Largely debt financed , maybe bring that figure back to 5c / FP.
Slap an earning multiple against that .
Then Nicanda hill - it just depends again on how the JV finances it. What equity is left to TON (50% ??) and what if any script dilution is required or whether we can push some of Ancuabe production revenues toward it .(unless free carried)
So those NPV are awesome , but it always comes back to how we protect EPS. (More a reflection of our peice of the pie after any JV participation and financed)
- minimal script diluting , eg via debt and by JV project equity and partner funding - where we lose a chunk of NPV to the partners plate - but we don't have to dilute with more TON script
Exciting times ahead - Buf Let's take it one step at a time.
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1.0¢ |
Change
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Mkt cap ! $15.68M |
Open | High | Low | Value | Volume |
1.0¢ | 1.1¢ | 1.0¢ | $2.456K | 229.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 954144 | 1.0¢ |
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Price($) | Vol. | No. |
---|---|---|
1.1¢ | 569183 | 3 |
View Market Depth
No. | Vol. | Price($) |
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3 | 954144 | 0.010 |
3 | 297026 | 0.009 |
6 | 770529 | 0.008 |
4 | 492850 | 0.007 |
4 | 1216660 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 569183 | 3 |
0.012 | 491367 | 5 |
0.013 | 1538461 | 1 |
0.014 | 200000 | 2 |
0.015 | 1333333 | 1 |
Last trade - 10.39am 08/07/2024 (20 minute delay) ? |
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