Post by
ekim on Apr 24, 2016 7:36pm
NSU - RMC
NSU posted a link on their website of a combination of NSU/RMC today and then removed it.
Looks like a takeover shortly after the RMC PEA was released.
Now we have some numbers to compare as that PEA has got some serious robustness to it.
First off, NSU is worth CAD$922 million and RMC is worth CAD$322 million. That is probably going to change tomorrow as a premium on RMC will probably occur.
The PEA in question. RMC owns 45% of the Timok project.
They are going to do an underground to 800 metres with a twin ramp and an upper zone that they will use to get some high cash flow into the project.
At curent spot prices, the after tax NPV @ 8% is US$946 million. 45% of that is US$425 million.
Convert that to CAD and it equals CAD$540 million.
Payback is 0.6 years.
So company is worth CAD322 million and probabl more tomorrow and the current NPV for their share at current spot prices and a discount of 8% is CAD$540 million...and this is a PEA study.
The NPV for the PEA for 100% owned chidliak could hit CAD$1 billion.
These deals are great news. Giving the investor some guidance on what robust projects should be valued at.
Chidliak PEA is going to surprise the market IMO.
LONG...PGD
EKIM
Comment by
justanormalguy on Apr 24, 2016 11:25pm
Wow, that is one sweet valuation, hopefully a sign of a change in momentum in the mining sector. Official news release came out tonight. Without looking into the details: Post PEA Valuation = 0.86 after-tax NPV (365/425) I'm sorry I missed out on this one. Wow!!!!
Comment by
Trekewl on Apr 24, 2016 11:51pm
Yup. Nice deal. Now just imagine PGD being valued at 86% of after-tax NPV!!!! Chaa-ching! PEA out in 2 months...
Comment by
mill44 on Apr 25, 2016 2:43am
Let's hope we get to see it, or if not, we get the full appreciation that would come wit it.
Comment by
jamma on Apr 30, 2016 9:45am
Trekewl, please check your messages or check out AI bulletin board. Thanx, jamma