TMT 6.67% 32.0¢ technology metals australia limited

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  1. 2,018 Posts.
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    Yes - I've been following the WA Iron Ore miners for a while (GWR, FEX etc).

    All averaging about $90p/t operating costs. I haven't delved into the specifics of the subsidies, will be my weekend research. Need to look into the management team here too, interesting to see so many company presentations being pumped out too all of a sudden.

    Estimating a capex of $160mill, TMT would take on perhaps $100mill of debt, $60mill equity dependent on where the share price is at the time. If taken on, we could expect a large amount of debt paid off in the first year and the remainder in the next year.

    However, after the FID it may be 6-9months before production is underway and by September 2022 is the price of Iron Ore going to be this high?

    If so - the production of Yarrabubba will allow offtake agreements and debt finance much more seamless for banks and investors as there is less risk associated with the Vanadium deposit with a decent cash backing.

    All looks good for investors in 5 years time. Shouldn't worry about short term fluctuations on this one.
    Last edited by LD99: 22/07/21
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