alright, here you go
- comparing production and current resource to other international pure play diamonds miners, LOM appears overvalued at usd72m (aud102m), same.with Burgundy Diamonds, must be some euphoria amongst aussie investors
- diamond miners are being valued via dcf rather than yield, so talk of a 20x P/E is crazy
- I expect Merlin to support a USD$150 - $200m market cap once fully funded, representing a 3-4 x multiple on ebitda or discounted NPV including an additional 30% risk charge
- the risk charge reflects the same MC vs NPV differential for Lucara and their Karowe mine, and that is fully funded with a $220m debt facility
- given bond yields are increasing debt might seem undesirable if there is no confidence to rollover
- therefore I expect there to be a mix of a capital raise 75m and debt 25m to fund merlin dev, leaving an potential payoff for investors here of 2 bags at most, if they can get more debt then maybe 3 bags
- lulo value is minimal with 140k cts
anyways thats on current assets, the only thing that will support a 20x bagger is finding that motherload, but best to spread your bets across other explorers, there are some comparitively cheaper plays out there
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Mkt cap ! $19.43M |
Open | High | Low | Value | Volume |
6.4¢ | 6.7¢ | 6.4¢ | $2.409K | 36.09K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5056 | 6.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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6.8¢ | 150042 | 2 |
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No. | Vol. | Price($) |
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1 | 5056 | 0.067 |
1 | 56920 | 0.065 |
2 | 197103 | 0.064 |
1 | 15800 | 0.063 |
2 | 84801 | 0.061 |
Price($) | Vol. | No. |
---|---|---|
0.068 | 150042 | 2 |
0.069 | 42000 | 1 |
0.070 | 72518 | 1 |
0.071 | 20000 | 1 |
0.073 | 10000 | 1 |
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