GREY:WFEMF - Post by User
Post by
CJHalleeon Apr 14, 2011 9:14am
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Post# 18429547
While We Wait
While We WaitI thought I would throw some calculations on the board to get some discussion going while we wait for news.
Based on the Wardrop study done in April 2010, NPV calculations were as follows:
-NPV of $480M at $250/tonne
-NPV of $690M at $300/tonne.
Assuming a $210M increase in NPV for every $50/tonne increase, currently at approx. $400/tonne we have a NPV of approx $1.110 Billion. Wof's share at 49% would be $543.9M.
From what I can tell, fully diluted shares for WOF is 322,588,580. So if we take $543,900,000/322,588,580 we come up with an approximate NAV of $1.69/share. Keep in mind this likely assumes no value for the:
-large moly deposit below the Tungsten
-no increase in resource as defined by additional drilling
-no value for Muguk or any of its properties.
These are very crude and rough calculations so if anyone sees anything wrong with these calculations please feel free to correct me. I just thought I would try and drum up some discussion while we watch the paint dry.
Good luck all!
Mike