/biz/ - Business & Finance

I'm doing some comparative DD between Sovereign Metals and the world's biggest rutile and zircon producer Iluka Resources ILU.AX in order to gauge SVM's potential future valuation. Here's my findings on Iluka so far going off of their latest half year report:

>Iluka is currently valued at A$3.08B (~US$2B); with a PE ratio of 7.02; and pays a dividend yield of 0.83%. In the past three years heir EBITDA has averaged about A$780MM (~US$500MM)
>SVM is valued at A$244MM (~US$160MM). SVM's PFS projects US$415MM annual EBITDA at US$1,500/t rutile price and US$1,290/t graphite price; ILU's last reported rutile price was US$1,882/t, hard to find graphite pricing but the study used lower than current and peer study pricings
>ILU produces about 700,000 tons of zircon/rutile/synthetic rutile a year, of which about 50% is rutile and synthetic rutile, accounting for 20% of their revenue, and the rest is zircon. Zircon and byproducts contribute the other 80% of ILU's revenue. SVM is projecting to produce 222kt rutile and 244kt graphite annually. SVM won't produce any lower value synthetic rutile or ilmenite, only premium priced >95% TiO2 rutile. Graphite specifications apparently yet to be studied more and idk about graphite very much, but it should be high quality and fetch a premium price
>ILU's unit cash costs per ton of Z/R/SR is US$541/t, and COGS $690/t. SVM is projecting US$404/t FOB costs for both rutile and graphite, almost 50% less than ILU's COGS (FOB includes freight etc costs so I think that equals total COGS/t?)
>ILU has some REE plans which may affect their market valuation, but no big expansions ongoing afaik

Also
>Base Resources' Kwale rutile mine (65ktpa) is closing down this year, company is on record stating operations will cease in December '24
>Sierra Rutile's current operations (136ktpa) have been running out of ore and are to be suspended following govt decision though they have been approved for another project in development

binznes

Sup nigas, I bought 27k LCX sub 5c. Now I’m gonna spend my money on Chinese prostitutes tonight, some young and hot and some mid and milfy.

Thank you Monty.

>>57129121
Are you a janitor by chance?

Pee is stored in the balls.

Pee is stored in the balls.

I just know we going to 2K today.

my work christmas party is tonight

Scooped up some ORCL. When do we buy $5000 in PLTR?

I'm in love with this market. Sanity is returning. Inshallah alhamdulillah

>>56364054
Why not both in one package?
>XOM has increased dividends every year since 2007
>CNQ has increased dividends every year since 2012

Give me your most violate stocks, I'm talking sharp drops and sharp rises within seconds. Deadly risks, severe gambling addiction level shit. Post them.

RIGHT FUCKING NOW

what are some BIG ways to make BIG money.

just the most BIGGEST and HARDEST ways to make BIG money

I'm very happy about my Kazatomprom shares today. It's my biggest position and boy am I glad it is

>>55649171
crazy how bears only make up 13.6% of the population