Very good points Jaydee and great comparison to FMG’s early days. I too believe that @Paydirt7 ‘s estimates, although beautifully detailed, are super conservative.
Let’s not forget also that we are now in a seriously amplified market with so much stimulus and pretty much on steroids when compared to 2003-2006. Yes ADN is a good comparison, VML too ($300mc + pre production), but the market has changed even more in 2021. Stocks now move 4-500% in a day on nothing news.
Here we have a company with real substance with the right proposition at the right time.
In my view hitting 10c pre / on PFS is achievable. Even this may be too conservative in this ultra stimulated market.
There are no guarantees of course but worth noting the market environment we are now in when considering potential valuations imo.
MGT share price, page-3834
-
- There are more pages in this discussion • 10,095 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $18.93M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 18.5¢ | $25.32K | 127.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 54545 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 81434 | 2 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MGT (ASX) Chart |