TIG 9.09% 0.6¢ tigers realm coal limited

Let's have a look at Project F alone and let's disregard any...

  1. 21,817 Posts.
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    Let's have a look at Project F alone and let's disregard any added value of Amaam North or Amaam for the purpose of the exercise.
    IMO, it's a useful exercise to simplify the forward fundamentals of the company and the share price implications



    Project F as a stand alone project with production/revenue & costs are as per 2018 with no wash plant.

    Market Cap:.................. $82.8 mil
    # of Shares......................1.8 billion
    SP.....................................4.6c

    2017 Shipping season average price per ton FOB= $99 AUD.* (170K ton for $16.822 mil AUD revenue)

    Resource:.........................16.1 mil ton
    Sales P/A..........................600K ton (unwashed)
    Revenue...........................$59.4 mil @ $99/ton AUD
    COP-FOB.........................$43 AUD/ton (total $25.8 mil)
    Gr0ss Profit......................$33.6 milUSD
    NPAT ...............................$30 mil
    EPS:...................................1.7c
    P/E of 10............................17c share price (with a LOM of 26 years.)


    This is for a Project F only as is and it is a useful way of looking at TIG.
    In addition we have:
    Amaam North .......110.6 mil ton resource
    Amaam...................521 mil ton resource.

    If this company was owned by you or I , we'd probable proceed with Project F 600K T/P/A unwashed coal production
    & sales p/a until we could finance further development out of cashflow.

    This is the basis on which the company should promote itself with the added value of the long term business plan &
    the quality tier one 630 mil tons of coal in the ground. We have to eat this elephant one bit at a time and that was
    the reason that TIG was not financed for the full blown project a few years ago.

    I'd appreciate comments please.

    * I assume that the quality of coal and coking coal mix will improve thereby adequately offsetting any adverse international price or currency fluctuations.
 
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