$GLATF : Global Atomic — Independent Economic Assessment

Long-Term Price Case$65/lb. U308
Flagship ProjectDASA
Mineral Resources82M lbs. (1,200 ppm)
Shares Outstanding144,200,000
Market Cap$53,930,800
Average Annual Production4,864,437
Payable Product69,075,000
LoM14.2 Years
True All-in Costs (TAIC)$48.54/lb.
Gross Revenue$4,489,875,000
Total Operating Costs ($24.96/lb.)($1,724,112,000)
Operating Profit (EBITDA)$2,765,763,000
Niger Royalty (12%)($331,891,560)
Income Taxes (30%)($829,728,900)
Total Capital Costs($467,100,000)
Net Income$1,137,042,540
Net Profit Margin25%
Absolute Cost Structure (ACS)75%
MTQ Score (Higher is Better)0.3
True Value$7.89/sh.
True Value Discount (TVD)88%
Cash Flow Multiple5x
Net Annual Cash Flow (Including Avg. BST, Iskenderun, Turkey Net Annual Cashflow)$86,568,633
Future Market Cap$432,843,165
Future Market Cap Growth703%


‘True Value’ is calculated with a formula that takes projected LoM Net Income into account. ‘Target’ is calculated with a formula that takes projected Net Income over the course of a single year into account, multiplied by a reasonable multiple at which it might trade under optimal conditions.

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