TSXV:FCO.H - Post by User
Post by
neverendingon Aug 22, 2018 1:44am
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Post# 28497235
The mine...
The mine...
... was planned long time ago with a cobalt price about f 26/lb, a cut off grade of 0.25%, a LOM after tax cash about 330 mio. The after tax NPV was numered with 135 mio. The stock amount was 90 mio.
Alone of this calculation there is upside space.
But now not only the cobalt price increases, also the product, the concentrate is better, and the cut off grade is more than doubled to 0.5%.
Another benefit is, than the resources are higher than last times shown. The only thing to remember is, that the stock numberwill increases to more than something about 200 Mio.
They have about 50 mio authorized stocks left to sell.
I am sure that the new FS will show a much higher LOM after tax net cash and i am also sure that at least at the production beginning in 2020 the stock price rises. Thats why i bought the stock again.
But by the way i cant look into the future, so in fact it will be a speculation.
A question, maybe somebody may explain:
What happened with warrants and options, if the stock price is more less than shown on the warrant or option? There is no interest to buy or am i wrong? Thanks.