Current market cap is 38m
Cash on hand is about 8.5m
Enterprise value ~30m
We are seriously priced as an explorer when we will be producing in early 2014.
2 m ounces global resource(Subject to taking up Altyntas), 53000oz/year average at 411$ cash cost. NPV 148m at 1500$ gold for one prospect only. Possibility of cash coming in from toll treatment in 2013, so two sources of income in relatively short time-frames.
Average net cash flow is going to be 57m/year or total of 255m over 4.5 years at 1700$ gold. Possibility of toll treatment to add 5-15m.
Compared to many explorers we are years ahead and have already spent the money it takes to finish a DFS. This is a biggie as it often takes 12 months and up to 15m to complete one if you consider admin costs as well.
Currently bouncing on 50 day average so good level to buy in.
Sorry if i am repeating myself quite often but i feel MSR is really under the radar. Really has the best DFS out there atm for market caps under 50m. Would be great if we had exposure like CVR and MYG :) .
high margin gold producer in early 2014
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Last
30.0¢ |
Change
0.010(3.45%) |
Mkt cap ! $246.9M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 29.5¢ | $194.5K | 650.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 90349 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 75119 | 5 |
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| Last trade - 11.17am 15/11/2024 (20 minute delay) ? |
| TCG (ASX) Chart |