Post by
ekim on Aug 14, 2016 4:40am
KDI dcf model
Canaccord Fruity has the balls to put some numbers together on kdi's project. Here is the report --
https://www.google.is/url?sa=t&source=web&rct=j&url=https://cdn.ceo.ca/1bquevc-Orbit%2BMaintained.pdf&ved=0ahUKEwjk-7SwvMDOAhWCIMAKHZSjCfQQFggoMAQ&usg=AFQjCNGDHFxWdIyurty5GE2A2DbKyQyLpg
Increased to a spec buy at Target of $4.5. Report envisions early carat production in 2019 and a carat valuation in the early years of US$120 per carat. The math is probably pretty sound...the assumptions and inputs are to be questioned.
long....pgd....ekim
Comment by
shneps on Aug 15, 2016 7:15am
There are only two off takes from this of any value. 1. Is the commodity price forecasts for diamonds over the next couple of years (page 4). 2. Proof of the fact that Peregrine is so incredibly under valued compared to the market. Cheers