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1.9¢ battery minerals limited

Correction - Hartleys have a P/E of 11.9 for 2021.

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wombat777

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02/03/19

16:38

Post #: 37631285
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Originally posted by wombat777 ↑

Latest Hartley's Research Report is available on the BAT website:

https://www.batteryminerals.com/wp-content/uploads/2019/03/Hartleys-Research-28Feb2019.pdf

12 month target 5.6c

2021 target 11c ( once in full production )

Their assumption is AUD $100M (USD $70M) is required with 50:50 debt to equity split. So that is AUD $50M (USD $35M) of equity on the Hartleys assumption. Need to wait to see what materialises with the actual funding package BAT achieve. I think it is unlikely BAT would attempt to raise AUD $50M at the outset of financing given our current market cap (unless of course they have already lined up a number of parties with deep pockets to contribute to the raise).

Hartleys 2021 price target is based on a P/E of 11.0.

Video is also available. This was shown at Rising Resource Stars.

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Correction - Hartleys have a P/E of 11.9 for 2021.
BAT Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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