Long-Term Price Case
$97.19/dmt
Flagship Project
Shymanivske
Ownership
100%
Shares Outstanding
186,300,000
Market Cap
$11,178,000
Average Annual Production
7,065,000 dmt
Recovery
98%
Payable Product
141.3M dmt
LoM
20 Years
True All-in Costs (TAIC)
$56.26/dmt.
Gross Revenue
$13,732,947,000
Ukrainian Federal Government Royalties
($863,300,000)
Net Revenue
$1,286,9647,000
Total Operating Costs
($4,446,200,000)
Operating Cash Flow (EBITDA)
$8,423,447,000
Income Taxes
($1,516,220,460)
Total Capital Costs
($1,124,200,000)
Net Income
$5,783,026,540
Net Profit Margin
42%
Absolute Cost Structure (ACS)
58%
MTQ Score (Higher is Better)
0.7
True Value
$31.04/sh.
True Value Discount (TVD)
100%
Cash Flow Multiple
5x
Net Annual Cash Flow
$289,151,327
Future Market Cap
$1,445,756,635
Future Market Cap Growth
12,834%
Target
$7.76/sh.
Notes: All Values in U.S. Dollars