MEK 2.94% 3.3¢ meeka metals limited

Ann: 31 December 2023 Interim Financial Report, page-2

  1. 2,159 Posts.
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    The market is asleep at the wheel on MEK. Re-factor in the current gold price $3285 into those numbers current gold price would drop payback to 10 months. The increase in NPV is around $130M (3-4 times our current market cap). Current gold prices that NPV value must be around $500M.


    Undiscounted free cash flow (after capital and pre-tax): $363M (at $2,750/oz) and $521M (at
    $3,000/oz);
    ▪ Pre-tax Net Present Value (NPV5%) of $249 million ($2,750/oz) and $371 million ($3,000/oz); and a
    pre-tax Internal Rate of Return (IRR) of 40% ($2,750/oz) and 56% ($3,000/oz);
    ▪ Payback following process plant commissioning of 22 months ($2,750/oz) and 16 months
    ($3,000/oz);

 
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Last
3.3¢
Change
-0.001(2.94%)
Mkt cap ! $40.74M
Open High Low Value Volume
3.3¢ 3.3¢ 3.2¢ $45.40K 1.404M

Buyers (Bids)

No. Vol. Price($)
6 1047717 3.1¢
 

Sellers (Offers)

Price($) Vol. No.
3.4¢ 27000 1
View Market Depth
Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
Last
3.1¢
  Change
-0.001 ( 6.06 %)
Open High Low Volume
3.3¢ 3.3¢ 3.1¢ 98930
Last updated 15.10pm 14/06/2024 ?
MEK (ASX) Chart
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