Why I’m investing in MGT? To make money is the bottom line.
1. Estimate annual revenue: 5.53mt/year * $150/ton = $828 million/year, this premium price for 58-59% Fe.
2. Estimate annual profit: $828 million - $254.78 million (OPEX) = $573.22 million
3. Apply PE ratio (10): $573.22 million * 10 = $5.732 billion.
4. Divide by total shares (77 million): $5.732 billion ÷ 77 million = approximately $74.44 per share.
Yes the shares on off will increase, this was why or part of the reason for consolidation, who would invest in a small cap with billions of shared, I know I don’t.
Even if our shares doubled to 152 million shares, the price then is $37.22c per share.
If becoming a millionaire was easy, we’d all be millionaires right now, nothing comes easy.
MGT $ 1.00 TARGET PRICE 2024, page-416
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $21.33M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 17.5¢ | $14.97K | 83.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 90014 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 30666 | 2 |
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| Last trade - 15.42pm 04/10/2024 (20 minute delay) ? |
| MGT (ASX) Chart |