net debtIs a monster factor in tko sp. Lets guess without flor permit, we have 500 mill cad in the bank by end of q2 20222. I use that because we r price protected until then.
That would put us at net 0 debt. So lets say 5.00 cad copper for 250 million
ebitda. So going forward an annual dividend of 50 cent cad.
With 0 debt that is 5% interest on 20.00 sp.
So if we spend 100 million to expand gib sp should go to 30.00 cad.
With flor we should b 50.00 for sure.
My guess is 4.00 by end of aug.
Tko has been derisked very muchly. Getting in under 5.00 cad should b a real good investment.
nf