I was a doubter of Magnis for a while but now I'm a convert.
Some basic rules of thumb would suggest that if Syrah is worth $1.2bn with its cash then MNS at this stage is worth no less than about $800m or 2.5x its current price.
The researchers are right, this should be around $2/share.
Ann: Blue Ocean Equities Initiates Coverage-MNS.AX, page-5
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4.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.37M | |||
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| MNS (ASX) Chart |
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