NTU 5.26% 3.6¢ northern minerals limited

Ann: $20 million placement to further strengthen balance sheet, page-2

  1. 892 Posts.
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    Should all be approved, which I have no doubt.
    Another good loading for NTU's balance sheet.

    Rough calculations:

    $8,139,000  end of June.
    + the $30 and $20 million
    = $58,139,000 - $10,601,000 (estimated 1/4 outflow)

    =$47,538,000  (and then deduct costings for raising and add sale of product ?)

    So end of year assuming same 1/4 tly burn of ~$10.6M (should there be no more dilution donations) should leave around ~ $37,000,000

    Assuming that all donations are smooth sailing Number of shares should increase to ~ 3,000,000,000 or 3 Billion.

    Cash Burn of > $100,000 per day
    Plant achieving ~ 8.3% nameplate first 6 month this year
    Sale of Carbonate to TK will be one to watch out for$
    45,660 kg ready for sale at end of June.


    Lets for fun sake say 100,000 kg of carbonate sold for the year @ $30 per kg.
    So $3,000,000 from sales / 3,000,000,000 shares = 0.001 x PE anyone?

    Or maybe $3,000,000 from sales / 365 days = ~$8,200 per day


    .
    Meanwhile back at the Tanami Desert Dream, Grange can replace xxxx, and Crayfish can replace road kill kangaroo pie.

    .
 
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