WKT 0.00% 38.0¢ walkabout resources ltd

Didn't get to answer earlier today, but have sat down after work...

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    Didn't get to answer earlier today, but have sat down after work to go over this. Using IIR's logic on valuation, I have the range analysis below.

    - Lindi valued at pre-tax NPV (A$300M; IIR used $331M)
    - Capex requirement A$40M
    - All options converted to shares

    The range analysis suggests that at the current prices, it's becoming a self-fulfilling prophesy. The higher share price should mean less dilution, and therefore cementing a higher value. In the analysis I've put extreme issue prices in to demonstrate that they aren't going to impact estimated value by much. High dilution (60/40 debt/equity raise) at 25c (you'd have to think unlikely now!) vs the about likely scenario (green) is 5c, and then to an amazing 80/20 deal at 50c, just another 4c.

    This does not factor in any additional value factored in for expansion, the other projects progressing; nor does it say when we would realise this.

    I had wondered what was causing the constant drift up, and I guess this suggests that there's still nearly a bag in this, or at least a tidy-sum in the short-medium term.

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