Focus should be on how soon minimum of £5mm in earnings can be made without further dilution. Whilst today's numbers give the potential, the SP will stay sub 10p without confirmations of milestone achievements of the current plant. Plus no more MTR shenanigans which sent us from 8p to 4.75.
If what we have at Kabwe and Star Zinc is worth over $2 Billion, how much of that value will be reflected in the SP? Even 5% of that would be $100 Million. That would give a MC of around £78M or 40p a share, that's without potential future revenues.
Erring on the conservative side, not sure how much of a premium the ZSH sells for at 21% Zinc. So with V etc could be looking at a figure from Zero to Hero. $6 +++ m from where we are.We are still looking at 2.7p sterling to 3p a share, that's a 59% return year 1 on the current SP.
Zinc and Lead at LME prices not including ZSH premium will be $16.5m there or there a outs, no V included. Cost of processing $5.2. About the $11m we were looking for before overheads and head office costs, royalties and CT. So net around the $5-6 mark potentially.
BMR 6 months away, not on their Radar, but we aren't an Aussie pick, but we have everything else and debt free and fully funded and AB at the helm. The MTR mutiny has left BMR with the Bounty. All sweetness and Coconut.
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