RE: Good news From DOID18 May 2022 14:23
The potential of BKM is very promising considering that its copper assets have ore reserves of 69.6 tons with a Cu level of 0.6%. However, the agreement, which was supposed to be completed in January, is currently not finalized because both parties have extended the due diligence process.
With copper prices rising, after the acquisition, Hasbie expects a higher potential acquisition price and net present value (NPV). It should be noted that previously, the NPV for the acquisition was US$ 124.8 million with copper prices in the range of US$ 3.3 per pound.
"Based on our calculations, post-acquisition, the effective DOID ownership will be 58%, and if the NPV of the project is $125 million, the upside DOID of this project is IDR 100/sh," he added.
Interesting DOID prospect
Andika explained that this year DOID should have interesting prospects.