Hi Croc , spot on , now this is a well written and researched IRR report by Mark Gordon , he still assumes very conservatively a lot of things including a large capital raze and further dilution still comes up with a NPV of 64c risked at 67.5% for Ore Reserve confidence and project stage,
well we know high grade ore is open in all directions and Mark does not mention the 4 kilometers of ultra high grade at surface discovered on the other licence , WKT have plenty of potential to push a lot higher quickly ,
Stand out ASX Stock about to fly high with the Off Takes, site machinery mobilization and Full /part Finance the main kicker., see what happens to the share price today share holders.
VALUATION - $0.64/SHARE
We updated our valuation for Walkabout, using a geared, after tax NPV10 technical valuation for Lindi risked at 67.5% for Ore Reserve confidence and project stage. This results in a Company technical valuation of A$238 million. Using a diluted share base of 371.4 million shares from our conceptual 70:30 debt:equity funding model results in a current base case value of $0.64/ share. We would expect that share price drivers will be finalisation of offtake and financing agreements.
WKT Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
(20min delay)
