ACG Metals LimitedA (ACGAF) Q2 2026 Earnings Call Transcript
Operator
Good afternoon, and welcome to the ACG Metals Limited Investor Presentation. [Operator Instructions] And I would now like to hand you over to the management team of ACG Metals Limited. Artem, good afternoon.
Artem Volynets
Founder, Chairman & CEO
Hello. Thank you very much for joining. I’m Artem. I’m Chair and CEO of ACG. We’ll walk you through some slides reasonably quickly. Essentially, we published an updated technical report on Thursday of last week and also our results for the first 6 months of this year, financial results. And this presentation is designed to show what we have done over the last 2 years. So just to remind everyone what ACG is. Today, we’re about $600 million market cap company, another $200 million in bonds outstanding. We’ve done reasonably well for our shareholders over the last 2 years since we acquired an asset in Turkey called Gediktepe.
Our updated technical report shows a massively increased NPV, which leads to the NAV net asset value per share of around GBP 34. And that technical report is done at consensus pricing, which are lower than the current spot. So if you put spot prices in the model, you will see GBP 43 per share. So certainly, there is a way to go from where we are. This is all driven by a very significant increase in the value of our project. Essentially, we acquired Gediktepe for $120 million in September 2024. We invested another $200 million, $146 million of that is already invested and the flotation plant built.
Another $60 million is being invested to build another plant called SART. As a result
