Even Vimson are now down $375,000 at this share price.
Ouch!
Trying to stay positive ... $6bn NPV (give or take, at current exchange rates and commodity prices, maybe more), 40% likely MC at production (not factoring in any Tivan licensing fees) = $2.4bn.
60 / 40 equity split at company level leaves us around $1bn for us peasants.
So, a 10+ bagger all going to plan?
To be perfectly honest, I’d be disappointed at those figures, considering the Tivan licensing potential globally, increase in our commodity prices, 5 times the mine life used in the DFS numbers (plus unknown more reserves on our doorstep, in our owned tenements).
The next few weeks will be interesting.
Who doesn’t love having box seats at the best asx theatre in town?
