Yarrabubba Estimates

@Troydt

Heres the numbers i worked from to get my estimates. Source from the two bridge street reports.

Bridge street report from December
https://www.tmtlimited.com.au/sites/default/files/research_reports/TMT%20December%202020%20FINAL.pdf

https://www.tmtlimited.com.au/sites/default/files/research_reports/TMT%20November%202020%20FINAL.pdf

Tonnes 28,000,000
Recovery 50%
Tonnes Product 14,000,000
Mill Throughput yearly 3,000,000
Mine life just over 9 years

64%FE
1.7% V2o5
$100-$160 USD per Tonne
+ V Credits
0.77 exchange rate
$130-$205 AUD per Tonne

About 10% recovery for Titanium
Tonnes product 1,400,000
$200 USD per Tonne
0.77 exchange rate
$260 AUD per Tonne

OPEX $31 per Tonne after credits- This may be a bit low (about 550-600km to port)
-FEX 490km to port with OPEX around $80

CAPEX $160,000,000
For the NPV I used an 8% discount rate (**s DFS used 8%)

Currently 150,141,000 shares on issue
15,200,000 unlisted options
2,650,000 performance rights