TSXV:AAA.P - Post by User
Post by
Ethanbrodie123on Sep 21, 2014 2:16pm
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Post# 22956534
working capital
working capitalRealistically, I think that they will require about 750-775 total.
I remember about a year ago kelertas mentioned that they would go for a bit more than the 650 mil. (I was assuming about 675 to 700. At this point in time, I think 750-775 is the most likely number.
If everything goes well, they would get about 500 000 000 in debt, plus 100 000 000 in extra (farhad said it was possible) another 50 mil from ICL as their warrants at .58 cents.. Which leaves about 125 000 000 in another equity raise. I would assume the rest would be at about .60 cents. (about as much as the rest of the warrants from ICL) If this case is correct, it is not too bad of equity dillution and we should see a fairly significant shareprice push upwards.
If, combined with an extremely positive PEA for SOP, I think we would be back over 1.00
When after a extrmeely positive Feasability study for SOP, (IRR at 40% which at these current sop prices is extremely possible,) I think we would see 1.50 -2.00
3 years time when we are in production and secured financing for SOP,(considering everything is going ok) I could see the shareprice 3-5.00 (by that time I think MOP prices would be in the 400-450 range
This is not including possible rail and power infrastructure which could really drive the shareprice as I see opex declining significantly with power and rail. (we would most likely be right at or a bit lower than the lowest cost producer in the world.