Fair call auswedes!!!
the way I see it is this
10000 tpm @ 12% recovery (conservative IMO )
= 1200 tonnes of zinc
x12 gives you 14400 tonnes PA
x AU $3550
= AU $51 million in revenue
COSTS?????
using projected C3 costs of US .51 cents lb over the above production then you would come up with AU $22.8 million.
Allowing for other corporate costs and even $4-$5 million for drilling costs I’m still saying AU $20 million EBIT
At 10x earnings $200 million MC = 17 cents. If they were to pay 1 - 2 cents dividend then I would expect SP to reach 30 - 50 cents. A long way to go but that’s what I’m expecting.
anyone else’s calculations differ??? Would be keen to see others thoughts!!!!
Cheers Rb