GREY:GLKIF - Post by User
Post by
stocktaon Jun 18, 2015 3:26pm
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Post# 23845603
Valuation
Valuation
Here is a elementary dcf of the latest reserves announced and does not include Matheson. It also does not include any up front capital costs to get mine and mill operational. Feel free to poke holes in this but it is only my analysis and I am certainly not saying this should be trading for 1.44, this is for illustration purposes only so don't rely on it for your trading! Mine Life (yrs) 5 Annual Production (Tonnes) 30,000 Average Selling Price per Tonne 1,500 Average Total Cost of Production Per Tonne 100 Average Total Taxes and Fixed Costs Per Tonne 100 Net Cash Flow Per Tonne 1,300 Total Annual Cash Flow 39,000,000 Discount Rate 8% Net Present Value of Cash Flows 155,715,691 Total Shares Outstanding after Share Dilution 135,000,000 Total EPS 0.29 Industry minimum multiple 5 Net Per Share Value 1.44