121 Mining Investment 19 - 21 May, page-15

First 15 Last

Share
Profile

Follow
kingkev

27,522 Posts.

1308

21/05/20

14:51

Post #: 44753317
Share

Originally posted by ClenAndTren: ↑

I assume Perilya will be able to trade shares on the market and initiate corporate action like any other company, subject to normal provisions in the Corporations Act.

Perilya might even think it prudent to exercise more patience and wait until all of the permitting is in place, so that any takeover doesn't jeopardize these important hurdles.

If we agree that a corporate takeover before production is the most likely route ahead of us, then I think it vital John Lamb recently acknowledged his view on value around the Bawdwin mineral province.

In the most recent Shareholder Newsletter, John Lamb outlined three ways we could try to ascertain Myanmar Metals intrinsic value:

Net Assets -

NPV + Cash + Exploration Upside - Risk Factor

approx. A$450m + A$15m + Exploration Upside - Risk Factor = $0.26 per share.

Peer Comparison -

"3x undervalued relative to our peer group"

Industry Comparison -

Arizona Mining Transacted at A$143 tonne of contained lead equivalent metal.

A$143 x 4,868,000 MYL contained lead equivalent metal = A$696m / $0.39 per share.

I have no better view of what will happen in the future than anyone else here, but examples like these serve as a basis for management to "insist" on fair value.

Expand

would like to know how much is attributed to these................... Exploration Upside - Risk Factor to get to 26c a share

Perception of risk according to the market might be very different to BOD perception of risk...................is this why we are at 5c and not at 8c before MIC approval ?

MYL Price at posting: 5.1¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Nine's staff strike as Paris Olympic coverage begins

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

IGO

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

HRZ

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

ASX Market Open: ASX200 to rise for Friday session | July 26