Member Info for Ivornomoney

But that's not a bad figure if it gets sold.

I'm now getting 77p? Based on $1115m npv.

That would make more sense ;-)

Although wouldn't then npv be atleast double the stage 1 npv?

Current NPV based on $16,000t

Stage 1 $643m
Stage 2 $1115m

÷ current shares in issue.

Although we know there will be some dilution.

Has anyone worked out the share price on current npv of stage 1+2?

I'm getting £1.21 which would be very nice.

Revenue of $464m at $16,000 on 29000t of nickel per year.

We could see 80p to £1 if they announced plans to start stage 2 asap.

This is from the website.

The Stage 2 expansion gives a 26-year mine life, generating cash flows after taxation of US$2.6 billion, with an estimated NPV of US$741 million and an IRR of 23.8% - using the base case nickel price forecast of $14,000/t. The second line will be financed through operational cash flow, meaning upfront capital cost remains at the same level at the FS Stage 1 of US$443 million.

Wasa, I thought they were building a duplicate plant and the costs were the same as stage 1?

Stage 2 is down as $443m on the horizonte calculator? I think they will build stage 2 before Vermelho as stainless steel is s safer bet. I'm sure they have already said stage 2 will be funded from stage 1 production?

Financing is for Araguaia only. Orion mine finance $25m is for stage 1 only of Araguaia. Finance is for $443m only.

Why do you think that Jamesdean?

And they are owed $73m? Will this be paid?

How much debt has to be paid in 2023?

Is the total debt here $160m ?

Do you think Lombards 60m shares have gone to Glencore in a takeover deal? And we will see Teck and Glencore make an offer when they have 30% between them?

I think equity has to be far higher than 10p. They could issue 500m shares at 20p to raise 100m pounds.

I think we will be pleasantly surprised with the financing and we won't be diluted as much as some may think. The $325m raise should give some confidence share holders won't be hung out to dry.

I think covid is the main reason for the low share price, but when finance is agreed then its lift off for hzm. That's why JM will announce the finance package in one. We won't be waiting for anymore news then and it should be a steady rise upto the 40p area.

14p target is before financing agreed and 33p once $443 raised. That's how I read it.