LCG 0.00% 6.0¢ living cities development group limited

So lets revisit the PFS calcs which they came out with in August...

  1. 955 Posts.
    So lets revisit the PFS calcs which they came out with in August 07.

    Quote...

    The Project capital and operating costs, based upon the current investigations to date are:

    –Capital Cost
    Stage 1 (0.5mtpa) A$437.3M
    Stage 2 (1.0mtpa) A$302.5M

    –Operating Cost
    0.5mtpa A$270.65/t MPI
    1.0mtpa A$252.15/t MPI

    –EBITDA per tonne
    0.5mtpa A$151.43/t MPI
    1.0mtpa A$169.93/t MPI

    –Merchant Pig Iron Forecast Price A$422.08/t


    ...now we replace MPI of $422 with $800 (using AUD 0.9) and get...


    –EBITDA per tonne
    0.5mtpa A$530/t MPI
    1.0mtpa A$548/t MPI


    Now would this be right?

    0.5mtpa * $530 = $265m EBITDA
    1.0mtpa * $548 = $548m EBITDA


    Probably project costs have gone up a bit too, energy for one. But still sitting on a gold mine by the looks.
 
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