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
$1.26 |
Change
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Mkt cap ! $239.4M |
Open | High | Low | Value | Volume |
$1.25 | $1.29 | $1.24 | $751.6K | 600.9K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 16852 | $1.25 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.26 | 3997 | 1 |
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No. | Vol. | Price($) |
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1 | 16852 | 1.245 |
2 | 8800 | 1.235 |
6 | 50813 | 1.230 |
3 | 16198 | 1.225 |
5 | 26760 | 1.220 |
Price($) | Vol. | No. |
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1.255 | 3997 | 1 |
1.260 | 5000 | 1 |
1.265 | 30000 | 1 |
1.270 | 5000 | 1 |
1.280 | 94614 | 4 |
Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Change
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Last updated 15.59pm 14/05/2024 ? |
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