>2CAD/share in the next 12 month?In their report from 25. May this year First Berlin value the SANGDONG-project on the basis of the peer group comparison – especially ORMONDE.
Ormonde share price GBp3.07 11CAD/MTU WO3 in situ
Conservatively they took CAD6.00, which represents a 46% discount to the current Ormonde valuation of CAD11.04 per MTU WO3 to value Almontys SANGDONG-Projekt. The reason for the discount: Ormonde is the only one of the companies in the peer group to have achieved financing for a project.
Result:
Total enterprise value (CAD 000's) 287,583 and fair equity value per Almonty-share (CAD) 1.29
Now, Ormonde share price ist GBp5 17CAD/MTU WO3 in situ
When Almonty finalize the funding, we don’t need a discount anymore.
Conclusion:
Total enterprise value (CAD 000's) 468,000 and fair equity value per Almonty-share (CAD) 2.42