Given the company has about $450M in kitty then I would say the payback is not the only metric to look at , but most metrics will be irrelevant as they include commercial discount rates ie NPV uses opportunity cost of money which MGX has not been able to achieve with the funds it holds.
IE if you use a NPV discount of 8% then I am sure MGX gets no where near that for its deposited funds , so a NPV of $100M (or thereabouts for KI) is going to be far lower than what MGX will achieve plus they are conservative on upside for LOM.
For most operations with a short LOM then 35% IRR would be marginally attractive but for MGX it is very attractive for the above reason.
KI Update, page-38
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
30.5¢ |
Change
0.010(3.39%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.5¢ | 29.5¢ | $42.02K | 139.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 104867 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 355340 | 6 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
