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X64 ten sixty four limited

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Ann: FY2022 Production and Cost Guidance, page-8

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billy duckworth

3,568 Posts.

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25/08/21

07:18

Post #: 55544564
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Originally posted by Sellier: ↑

Billy, in your calculation you didn't convert the USD cash backing of 72 Mio. USD into AUD. That would be around 100 Mio. AUD cash backing at current exchange rates or 48cps cash backing.

USD 30 Mio profit corresponds to around 41 AUD or an an EPS of 20cps.

But if you look at MML on an EV Basis (EV currently around 65 Mio Aud) the EV/earnings ratio is a ridiculous 1.5 which is extremely low.

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Yes, good points, Sellier and groundhog.

If the mine were in Australia we'd be looking at a share price of maybe $2. The current price makes a very large allowance for sovereign risk.

MML Price at posting: 79.0¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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Ann: FY2022 Production and Cost Guidance, page-8

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