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Well, $15 is about a $6b market cap on current shares on issue. As you suggest, it might get to that point longer term once in production, but that's several years off and will be diluted through a very large Capex and continued exploration. They are really churning through the cash.Plus, their plan is to get a strategic partner or JV to take it to production so they won't own all of it. Just how much is the question I guess. I don't think Twiggy will take it to production. Maybe BHP, with large shareholders like Wyloo and Chalice just along for the ride.The Scoping Study out this month will give us a much better idea of a NPV and potential NAV.
Well, $15 is about a $6b market cap on current shares on issue. As you suggest, it might get to that point longer term once in production, but that's several years off and will be diluted through a very large Capex and continued exploration. They are really churning through the cash.
Plus, their plan is to get a strategic partner or JV to take it to production so they won't own all of it. Just how much is the question I guess. I don't think Twiggy will take it to production. Maybe BHP, with large shareholders like Wyloo and Chalice just along for the ride.
The Scoping Study out this month will give us a much better idea of a NPV and potential NAV.
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