RE: The Five Million Pound Question5 Jun 2022 14:13
Given the guidance of 66,000 - 68,000 output for the yearly output and with a PGM basket price remaining the same as Q3 of $3,327, the revenues will be between $59.2mm - $65.8mm. EBITDA will be approx $40.3mm - $46.9mm given COGS are $18.9mm (this is slightly above Q3 COGS). Taking net profit as an estimated % of Revenue and EBITDA I estimate net profit between $27.4mm - $31.1mm.
Rhodium price is expected to increase as it enters a supply deficit which means the basket PGM price will increase too, not necessarily affecting this financial year but will do next year.