Apologies, I missed that line. OK, so if we also assume they raise the equity portion at current SP ~20c with no discount (as opposed to an 85% premium which I am not sure I have seen done before), that would be 65% dilution and then the SOI would become 4.5B. So on a US$100/kg NdPr case the SP value in your model becomes 36c, about where the market seems to be pricing it now with risk included.
I agree with you on the 10-year timelines for REE projects, China supply risk (and many other factors favouring REE pricing to rise) but many analysts were forecasting NdPr prices in the $150+ range in 2024 and here we are and it is steady at US$50/kg. LYC produce ex-China NdPr and they get paid the same as the China spot prices per their quarterlies, so we are yet to see any evidence of ex-China REO pricing.. If either the NdPr demand outstrips supply in the next 12-24 months or a true ex-China NdPr market pricing is establshed then ARU does become quite interesting, but until then China are in the driver's seat.
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Apologies, I missed that line. OK, so if we also assume they...
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Last
17.0¢ |
Change
0.005(3.03%) |
Mkt cap ! $392.7M |
Open | High | Low | Value | Volume |
16.5¢ | 18.0¢ | 16.5¢ | $616.7K | 3.614M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5904 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 38574 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5904 | 0.170 |
23 | 817098 | 0.165 |
52 | 2467738 | 0.160 |
23 | 1011393 | 0.155 |
37 | 2272082 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 38574 | 3 |
0.180 | 1614371 | 20 |
0.185 | 760076 | 14 |
0.190 | 1008675 | 21 |
0.195 | 847128 | 18 |
Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
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