RE:RE:+++ PEA assumptions, stage1 +++
You are partly right. The margin of 50 percent alone does not say anything. But the effective alleged EBITDA amount indicates whether the ability to pay interest and amortize the debt exists. According to PEA, OPEX is USD 10. Metal value taking into account grade, recovery and after a deduction of about 15 percent for Smelter and Transport is around USD 20. With a projected capacity of 7.2 million tonnes, the alleged EBITDA is USD 72 million at one Margin of 50 percent. This will allow them to easily repay 10 percent of their debt for USD 200 million in approximately 8 years, possibly earlier. For 8 years of linear repayment, this means: 25 million amortization 10 million average interest (semi-interest method) Adoption: the remaining USD 150 million of CAPEX will be raised through a capital increase. urai58