PMET valuation of 3.5bn aud based on:
- 120mt @ 1.2%
- first production 2029
- 4Mtpa plant operating with 70% recovery
Lol who writes this stuff. They'll have a bigger resource than that, should be able to get into production earlier, and their met work suggests better than 70% is achievable. (Remarkably, they attribute no value to PMET's fish.)
3.5bn / 120mt = 291m per 10mt
If WR1 can get 50mt at Adina (which seems likely imo) then just 200m per 10mt = 1bn aud.
The thing is, a smaller resource that gets into production earlier makes a mockery of these valuations. A hypothetical 2mt reserve @ 1.3% produced in 2026 and 2027 should provide ~800m aud EBITDA, based on conservative 1500/t margins.
WR1 General Discussion, page-6788
-
- There are more pages in this discussion • 25,043 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WR1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
48.0¢ |
Change
-0.005(1.03%) |
Mkt cap ! $103.8M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.5¢ | 47.5¢ | $368.9K | 757.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 49964 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 6310 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |