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MEK

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6.06%

3.1¢ meeka metals limited

Ann: 31 December 2023 Interim Financial Report, page-3

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plough

33,426 Posts.

1731

15/03/24

11:11

Post #: 72901830
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Originally posted by figjam2708 ↑

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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I have the opposite opinion of you on MEK - its overvalued IMHO .

MEK Price at posting: 3.6¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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(20min delay)
Last 3.1¢		Change -0.002(6.06%)		Mkt cap ! $38.27M

Open	High	Low	Value	Volume
3.3¢	3.4¢	3.1¢	$68.86K	2.149M

Buyers (Bids)

No.	Vol.	Price($)
1	131793	3.1¢

Sellers (Offers)

Price($)	Vol.	No.
3.3¢	906683	2

View Market Depth

No.	Vol.	Price($)
1	131793	0.031
2	1261450	0.030
1	251000	0.029
1	500000	0.028
1	100000	0.025

Price($)	Vol.	No.
0.033	906683	2
0.034	800000	1
0.035	437757	3
0.036	645000	2
0.038	633510	4

Last trade - 16.10pm 19/06/2024 (20 minute delay)

MEK (ASX) Chart

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