Based on the scoping study one might make following calculation:
Lifetime of the Mine: 14 Year
Produced Copper p.a.: 55 to 75'000 ton
Cash Cost approx.: 3200 ton
Copper price today roughly: 8000 US$/ton
= net profit of roughly A$ 400-600m per year.
I assume that the will need 400-500m for the start up. I guess they would opt for a JV 50/50 with for example Glencore (very probably).
That means 200-500m of net profit for BTR. Calculated with a conservative PE of 5 the market cap might then be around 1 to 1.5bn or 6 to 9 A$ per share (under the assumption of no further dilution).
Not considered: longer life time of the mine, higher P/E (more favourable stock market environment), higher copper price, higher production rate.
I guess one might flip the story around but at the end the result is more or less the same. BTR in a few years might be worth 1 to 1.5bn (or more).
Ressources update from Kitumba due Q1 2013 will give the next indication in which direction the SP will move. Pre-Feasibility and so on will then accelerate the movement...and not to forget...further good or excellent drilling results will also have an impact on the overall picture !
My favourite scenario is still the same: a really se.xy NPV at the end of the process combined with higher copper prices and recoverd economies around the world and we have a good chance to see a substantial offer from Glencore to take over everything. Probably it will not be 40 A$ per share....but 10 would be also fine (for me).
Obviously before this will happen, a lot of if and whens will have impact on the share price.
- Forums
- ASX - By Stock
- BTR
- zinc
zinc, page-9
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BTR (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.8¢ |
Change
0.001(5.88%) |
Mkt cap ! $119.9M |
Open | High | Low | Value | Volume |
1.8¢ | 1.8¢ | 1.7¢ | $91.38K | 5.089M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
48 | 13708870 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 2494770 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
48 | 13708870 | 0.017 |
35 | 11969440 | 0.016 |
21 | 6509965 | 0.015 |
9 | 5345344 | 0.014 |
6 | 2959548 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 2494770 | 6 |
0.019 | 7159605 | 17 |
0.020 | 10963792 | 19 |
0.021 | 5135208 | 7 |
0.022 | 3382064 | 10 |
Last trade - 15.53pm 01/10/2024 (20 minute delay) ? |
Featured News
BTR (ASX) Chart |
The Watchlist
BM8
BATTERY AGE MINERALS LTD
Nigel Broomham, CEO
Nigel Broomham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online