Jul. 11 at 1:32 PM
$METCB currently MECTB generates ~
$7.5m in passive (no cost) income, which is distributed to 9.5m shares outstanding at
$0.80 per share.
In the Brooks rare earths mine assessment Fluor forecasts ~
$377M in ongoing revenue from ~1,242 tons/year. An income stream similar to that which they derive from coal suggests CORE Resources will receive 3% of revenue and ~
$7.50/ton processing & loading fees - so ~
$12M in royalty and ~
$9M in fees. METCB gets 20% of CORE Resources income and would thus see its distributable income rise from
$7.5m to ~
$12M, implying a dividend of
$1.23/share
A
$1.23 dividend puts this at a post rare earth development yield of 12%.
