1MC 3.23% 3.0¢ morella corporation limited

Lost confidence in BOD, page-76

  1. 2,809 Posts.
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    fair enough mate, I started buying at 12c and am relaxed.

    I have always looked at fundamentals of the PLS/AJM mines and future earnings rather than LOM and Resource because AJM never fully drilled out their land.

    AJM has faster payback/higher IRR and when you look at forward earrings, they are not 3:1 - ultimately earnings will set the valuation IMO
 
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