@TurtleTrainer Fair point. Hopefully moving forward with SRC we see a similarly lucrative deal. I wouldn't put it pass Geoff and the team.About 22c (AU) per share. Achievable from Nechalacho's REEtec deal alone.
Assuming 5,000t = $250,800,000. Subtract ~$50m for expenses (processing costs are minimal compared to Kipawa),
= $200m.... Split 50/50 and we'll see $100m profit / year.
Assume a conservative PE of 10 which brings us to $1b.
Should the PE be considerably higher, as with the case of other rare earth producers, we could reach $1b on a lot less.
Worth noting all of the above is in $USD. Current exchange rate is $1 USD = $1.36 AUD.
Otherwise a US $1b valuation brings us to almost 30c AU per share.
@TurtleTrainer Fair point. Hopefully moving forward with SRC we...
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