The mine would've taken about 2 and a half years to develop.
Plus another 2 years for the mine to pay back the capital and become cash flow positive. So that's around 2016/2017.
Then for the next 5 years, CHN will only make back 60% of all revenue from the mine and then be taxed at 38% on all profits back to shareholders.
The mine has a NPV of $338-$360 million but that's in 10 years time.
Do you really want to wait that long!
Compared to what's being offered now: $100 million cash plus no debt.
The mine would've taken about 2 and a half years to develop.Plus...
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Last
$1.37 |
Change
0.025(1.87%) |
Mkt cap ! $571.8M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.37 | $1.31 | $2.349M | 1.749M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6763 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 1808 | 2 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |
