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67.5¢ tietto minerals limited

Ann: Abujar Gold Project Flyover Video Released, page-36

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10,625 Posts.

1261

12/07/22

13:12

Post #: 62493867
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Originally posted by Maccajohn: ↑

EVN and NCM are currently selling on a PE of about 15 with NST on 24.

If I assume the ASIC figures quoted by TIE and first 5 years of production of 200k a nd take 2/3 of the current difference in POG in A$ and TIEs ASIC (to allow for other costs plus possible cost overruns from inflation)j, using a tax rate of 30% then TIE is selling on a prospective PE of about 2 (when in full production) on current market cap.

Doing the same calculations for BGL, CAI and RED (all 3 are in production this year or late next year) I arrive at a PE of 5. If I undertake the same calculation for CMM the PE is 15 on current market cap vs actual PE of about 12. Yes my calculations are probably conservative but that's intentional.

For TIE to have a prospective PE of 2 (maybe less for production of 260k) seems ridiciously cheap even allowing for the additional country risk and risk leading up to production.

Is current TIE SP a bargain or have I missed something?

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You will find that their cash balances and the fact they are steady gold producers have instos and general markets backing in a very uncertain market

TIE Price at posting: 36.5¢ Sentiment: None Disclosure: Held
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0 Great analysis

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