AEV 0.00% 1.9¢ avenira limited

bmo covers legend

  1. 8,225 Posts.
    lightbulb Created with Sketch. 554

    Interesting valuation - BMO recommend a NAV of US$380M for Legend, based on :

    Transport : Trucking to Mt Isa, rail to Townsville port.

    Cost Schedule (mid-phase - 5MT/a of beneficiated RP)
    Mining A$20/t
    Beneficiation A$20/t
    Port and handling A$15/t
    Road transport A$25/t
    Rail A$60/t
    = A$145/t (US$94/t)

    Estimate beneficiation during 2011/Q1, before that speculated shipping of unbeneficiated RP.

    Long term estimate RP price US$150/t (post 2012).

    Interestingly, BMO don't seem to be aware of Wonarah.

    And that's with all of Legend's capital expenditures as well. This draws a line in the sand that Minemakers will need to be revalued up to, i.e. at least Legend's current cap of US$190M (A$290M).

    Arguments against?

watchlist Created with Sketch. Add AEV (ASX) to my watchlist
(20min delay)
Mkt cap ! $16.39M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 500000 2.0¢

Sellers (Offers)

Price($) Vol. No.
2.0¢ 500000 1
View Market Depth
Last trade - 07.32am 28/10/2020 (20 minute delay) ?
AEV (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.