rough modelling based on 1350 USD /t SC6:
Adina phase 1 (Y1-8):
- reserve say 20mt @ 1.4% (surface high-grade part of main zone)
- 2.5ktpa feed @ 1.4% grade and 75% recovery = 438ktpa SC6 equivalent (477ktpa SC5.5)
- AISC say 720 USD /t and sale price 1350 USD /t = 423m AUD /yr EBITDA
- less 26.7% tax = 310m AUD (i.e. not including tax credits)
Conservative capex estimate:
- Renard option exercise: 63m AUD (although likely some paid in shares, to make Quebec Govt and pension fund significant holders)
- Renard upgrade: 120m AUD
- Road share: 50m AUD
- Adina capex: 30m AUD
- 2.5 years C&M: 22m AUD (in addition to 6mo C&M that initial option fee represents)
- TOTAL CAPEX: 285m AUD / 186m USD
- i.e. initial capex repaid within 1 year at full production
sensitivity:
- if AISC = 800 USD /t, then EBITDA = 369m AUD /yr
- if AISC = 850 USD /t, then EBITDA = 335m AUD /yr
- if AISC = 900 USD /t, then EBITDA = 302m AUD /yr
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Last
49.0¢ |
Change
0.005(1.03%) |
Mkt cap ! $106.0M |
Open | High | Low | Value | Volume |
48.0¢ | 49.5¢ | 46.5¢ | $161.0K | 336.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 47.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.5¢ | 18235 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10700 | 0.465 |
4 | 89170 | 0.460 |
3 | 14889 | 0.455 |
5 | 141943 | 0.450 |
1 | 18888 | 0.420 |
Price($) | Vol. | No. |
---|---|---|
0.495 | 18235 | 1 |
0.500 | 7444 | 2 |
0.510 | 23101 | 2 |
0.515 | 35000 | 2 |
0.520 | 20000 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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