Target share price

Thought I would share my target share price for CFE

Target Share price CFE – 27/06/17

	Column 1	Column 2	Column 3	Column 4	Column 5
0	Cobalt Price US $ pt / Production tpa	3000​	3500​	4000​	4500​
1	50,000​	0.086​	0.101​	0.115​	0.130​
2	55,000​	0.099​	0.115​	0.132​	0.148​
3	60,000​	0.111​	0.130​	0.148​	0.167​
4	65,000​	0.123​	0.144​	0.164​	0.185​
5	70,000​	0.136​	0.158​	0.181​	0.204​
6	75,000​	0.148​	0.173​	0.197​	0.222​
7	80,000​	0.160​	0.187​	0.214​	0.241​
8	85,000​	0.173​	0.201​	0.230​	0.259​

Share price forecasts assume US AU exchange rate of .75  
Calculations have been made assuming a 50% earn to CFE based on their JV agreement
A conservative price to earnings multiple of 3.5 x has been used and represents significant upside should the market value at a higher multiple.
Calculations assume a AISC of US $15000 / Tonne

Based on this I am looking to achieve a 16.4 cent SP by Dec 31st. Significant upside still remains if Cobalt pushes past US $65,000 pt or if we experience a significant drop in the $AU. For every rise in the Cobalt price of $US 10,000 pt then a rise in the SP of about 3 cents can be expected

WCS if Cobalt retreats to $US 55,000 pt and the JV operators are only able to achieve a 3000 tpa output a share price of 8.6 cents still remains possible

GLTAH IMHO
Have a great week all!!!!