The Impact of Financing on NAVFor anyone interested in some numbers that show how financing will impact the NAV of NSU over the next few years.
Table values are in millions of USD.
| Cash Balance Millions | Finan-cing | Loan & Interest Expense | Divid-ends | Timok After-tax CF | Initial Invest ment | FREE PORT & ETAC | Bisha After-tax CF | With Financing NSU After-tax CF | NAV | NAV/ share | EPS | PE (10x) |
2017 | 151 | 0 | 0 | -3.03 | 0 | 0 | 0 | 3 | 0 | 707 | $2.34 | $0.00 | |
2018 | 107 | 0 | 0 | 0 | 0 | -62 | 0 | 18 | -44 | 751 | $2.48 | -$0.15 | |
2019 | 26 | 150 | -23 | 0 | 0 | -178 | -45 | 15 | -231 | 953 | $3.13 | -$0.76 | |
2020 | 27 | 310 | -56 | 0 | 0 | -262 | 0 | 9 | -309 | 1337 | $4.38 | -$1.01 | |
2021 | 30 | 140 | -58 | 0 | 95 | -127 | -50 | 3 | -137 | 1582 | $5.17 | -$0.45 | |
2022 | 278 | 0 | -167 | 0 | 470 | 0 | -12.5 | -42 | 248 | 1706 | $5.57 | $0.81 | $8.12 |
2023 | 565 | 0 | -177 | 0 | 464 | 0 | 0 | 0 | 287 | 1820 | $5.95 | $0.94 | $9.42 |
2024 | 824 | 0 | -177 | 0 | 436 | 0 | 0 | 0 | 259 | 1920 | $6.27 | $0.85 | $8.50 |
2025 | 1019 | 0 | -177 | 0 | 372 | 0 | 0 | 0 | 195 | 2008 | $6.56 | $0.64 | $6.40 |
2026 | 1146 | 0 | -177 | 0 | 303 | 0 | 0 | 0 | 126 | 2087 | $6.82 | $0.41 | $4.14 |
2027 | 1382 | 0 | 0 | 0 | 237 | 0 | 0 | 0 | 237 | 2162 | $7.07 | $0.78 | $7.76 |
2028 | 1595 | 0 | 0 | 0 | 212 | 0 | 0 | 0 | 212 | 2225 | $7.27 | $0.70 | $6.97 |
2029 | 1769 | 0 | 0 | 0 | 174 | 0 | 0 | 0 | 174 | 2276 | $7.44 | $0.57 | $5.70 |
2030 | 1922 | 0 | 0 | 0 | 153 | 0 | 0 | 0 | 153 | 2316 | $7.57 | $0.50 | $5.03 |
2031 | 2062 | 0 | 0 | 0 | 140 | 0 | 0 | 0 | 140 | 2347 | $7.67 | $0.46 | $4.59 |
2032 | 2186 | 0 | 0 | 0 | 124 | 0 | 0 | 0 | 124 | 2370 | $7.74 | $0.41 | $4.06 |
2033 | 2297 | 0 | 0 | 0 | 111 | 0 | 0 | 0 | 111 | 2385 | $7.79 | $0.36 | $3.64 |
2034 | 2371 | 0 | 0 | 0 | 74 | 0 | 0 | 0 | 74 | 2392 | $7.82 | $0.24 | |
2035 | 2434 | 0 | 0 | 0 | 63 | 0 | 0 | 0 | 63 | 2393 | $7.82 | $0.21 | |
2036 | 2446 | 0 | 0 | 0 | 12 | 0 | 0 | 0 | 12 | 2390 | $7.81 | $0.04 | |
2036-38 | 2386 | 0 | 0 | 0 | 0 | 0 | -60 | 0 | -60 | 0 | $0.00 | $0.00 | |