FWIW my rough rule of thumb for multiples for base metals is ~6x EBITDA OR 10% FCF yield (10x FCF). MLX (post expansion capex) will have high conversion of EBITDA to FCF given the tax loss position. I personally think LT tin price is A$40k/t (US$30k/t) and therefore you could be looking at a number much higher than 50c.
Note - there’s many dangers using a lazy multiple method on a mineral asset with finite resources/reserves. For example - it would make zero sense to multiply EBITDA by 6x on a resource that only has a 3 year mine life remaining (for example). Much dangers in this method.
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Last
62.5¢ |
Change
-0.030(4.58%) |
Mkt cap ! $553.9M | |||
| Open | High | Low | Value | Volume |
| 66.0¢ | 66.0¢ | 61.0¢ | $2.280M | 3.628M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 86376 | 62.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.5¢ | 180867 | 5 |
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