IMO Dragonslayer's CAPEX is way off. According to an article (shared below), they're looking to raise another US$250m for stage 3. Stage 1 & 2 has cost up to US$50m to date (that's the way I interpret it below). It would make sense as $50m x 5 (2ktpa) is US$250m for the 10ktpa.
@Rob826's ~$50m was converted to AUD -- it is ~$35m USD.
By that rational it would be a 7 year payback period from nameplate (or the more realistic, 90% of nameplate). This scale of production can realistically be expected anywhere between 2028-2030. They won't be turning a profit until 2035-2037.
But I still maintain, it's not as cut and dry - there will be other factors I'm sure. And in valuing the company, things like further dilution must be taken into consideration which will have a massive effect (but impossible to work out atm).
IMO
IMO Dragonslayer's CAPEX is way off. According to an article...
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $182.5M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.5¢ | 12.5¢ | $317.9K | 2.449M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 1412476 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 13.0¢ | 64153 | 2 |
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| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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Last
12.8¢ |
Change
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| Open | High | Low | Volume | ||
| 12.8¢ | 13.3¢ | 12.5¢ | 743366 | ||
| Last updated 15.59pm 20/05/2024 ? | |||||
| AGY (ASX) Chart |