RHK

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78.0¢ red hawk mining limited

What's happening, FMS?, page-15

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SuperTim

1,754 Posts.

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21/07/15

12:40

Post #: 15667588
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Originally posted by taboon ↑

Seanl you need to read my post...I was not saying the stock is currently worth $1.73 per share or as you have said rounded up to $1.80....

I was just trying to prove a point about the value of FMS....using FMS's own internal Modelling, and trying to bring that value back to present terms...The chart was provided in an FMS presentation so the internal modelling around those values would still have to have some measure of accuracy...in addition the graph highlights the catalysts for SP appreciation..

Even if you use the same internal modelling as a starting point and discount it for the current IO price only the value would sit more along the lines of 47cents per share..($180 vs $50 as a percentage).
Then if you discount that price further by 50% due to risks and timing associated with the infrastructure it is still around 24cents per share or a market cap of around $615m which is about right at the moment..
back of the envelope stuff but never the less based on experience which provides a guide only...

Remember the project risk has been recently reduced by the announcement by TODD of a potential offtake agreement...

TODD will not be able to fulful the requirements of the offtake agreement without FMS's IO resource...

Is there anything stopping Management from going directly to the same Chinese Company and negotiating an offtake agreement directly with them....I know the funding would be a stubbling block but I just cant understand why TODD can get the offtake agreement within a short period of time, where as the current FMS management has failed over many years to secure an offtake agreement....

Expand

you are seriously suggesting that a mine which needs;

- $800M capex to get going
- use of a non-existent infrastructure solution from a 3rd party
- an IO price of US$65-$70/t just to be in the black

should have a MC of $615M today?

FMS Price at posting: 1.4¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 78.0¢		Change 0.040(5.41%)		Mkt cap ! $155.8M

Open	High	Low	Value	Volume
78.5¢	78.5¢	78.0¢	$1.272K	1.63K

Buyers (Bids)

No.	Vol.	Price($)
2	5832	74.0¢

Sellers (Offers)

Price($)	Vol.	No.
79.0¢	551	1

View Market Depth

No.	Vol.	Price($)
2	5832	0.740
1	2075	0.730
1	200	0.700
1	10000	0.650
2	65000	0.530

Price($)	Vol.	No.
0.790	551	1
0.800	4936	2
0.820	540	1
0.830	10355	1
0.870	3999	1

Last trade - 16.10pm 09/08/2024 (20 minute delay)

RHK (ASX) Chart

What's happening, FMS?, page-15

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What's happening, FMS?, page-15

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