OTCQX:CBLLF - Post Discussion
Post by
Teatimenow on Oct 13, 2018 7:52am
simplyfied valuation
KBLT looks like a clear buy on assets/nav
Cobalt price per tonne:
62000.00US$ = 81.500CAN$ https://www.lme.com/en-GB/Metals/Minor-metals/Cobalt#tabIndex=0 KBLT has
54 million Can$ Cash
+
2905 metric tonnes of physical Cobalt
which have a value of 237 million Can$
+
13% of ASX.HIG with a current value of 15million Can$
that alone is: 306million Can$
Then VB Stream was acquired for 300mmUS$ = 390million Can$
at date of deal each tonne of cobalt was trading at 80.000 US$/tonne = 105.000Can$/tonne
so today Cobalt is trading about 25% below the price of that time.
Adjust that the stream might be worth
390million*0,75= 292,5 million today
then there`s 9 other royalties according to analysts
worth about 50million can$ but i assume only 50% of that
would be 25million can$
Royalty and Stream at fair value should be around:
317,5 million Can$
Total minimum fair value 623,5million Can$
divided by 84 million shares 7,42Can$/shares
plus maybe a premium once they close the Ramu stream deal
that would make them immidaitly cash flow positive
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