GREY:MRBAF - Post by User
Comment by
hkaasknownon Oct 11, 2009 2:23pm
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Post# 16380845
RE: RE: Looks good
RE: RE: Looks goodCurrent debt/equity ratio as of year end was 71%.
Shares outstanding is about 340M.
Debt roughly $320M (165 + 50 + 50 + 55).
Profit margin of about 50% - $8 Ni price and $4 cost after bi-product credits. That translate to about $29M earnings, based on full production 26k tonne currently. 19 - 21 years of open mining - $600M total earnings from the open mining.
So from my perspective, current sp is reflecting increased reserve, resource, and production rate?
Underground mining possibly doubling the production to about 50k tonne Ni, with much less capital spending expected?
Are my numbers wrong, or am I missing something? Thx.