DSEL posted this finanacial analysis of TAH:
This is some DD on that I did on TAH. I gathered some info from the Tahera website and did a future earnings calculation/ valuation.
This info was taken from the www.tahera.com website.
Total Resource= 7,100,000 tonnes @ 0.84 cpt
Mineral Reserve= 2,600,000 tonnes @ 1.2 cpt
Total carats produced over 8 year mine life= 3,115,000 carats
Operating cost /carat= Cdn$56/carat
Total project capital= Cdn$65,403,000
Diamond valuation= US$92/carat (WWW modeled diamond valuation)
No. of shares fully diluted= 547,600,000
From the above info can calculate the following:
Operating cost /tonne= (Cdn$56/carat x 3,115,000 carats)/2,600,000 tonnes= Cdn$67/tonne at 1.30 exchange rate equates to US$51.61/tonne
Total project capital= Cdn$65,403,000 at 1.3 exchange = US$50,310,000
US$50,310,000 amortized at 10% interest over 8 year mine life equates to annual capital recovery of US$9,160,944/year.
At an average mining rate of 2,600,000 tonnes/8 years= 325,000 tonnes per year the capital recovery equates to US$9,160,944/year / 325,000 tonnes/ year = US$28.18/tonne
So cost/tonne= US$51.61/tonne + US$28.18/tonne= US$79.79/tonne
Kimberlite value = US$92/carat x 1.2 carat/tonne= US$110.40/tonne
Earnings calculation:
US$110.40 - US$79.79/tonne= US$30.61/tonne earnings
US$30.61/tonne x 325,000 tonne/year= US$9,948,250/year earnings
US$9,948,250/year x 1.30= Cdn$12,932,725/year
Cdn$12,932,725/year / 547,600,000 shares= Cdn$0.024/share
Trading at 10 times earnings share price= Cdn$0.24/share
TAH currently trading at Cdn$0.56/share
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