Australia's largest stock trading and investment forum Australia's #1 stock forum

X64 ten sixty four limited

0.00%

57.0¢

Yes, good points, Sellier and groundhog.If the mine were in...

First 8 Last

Share
Profile

Follow
billy duckworth

3,568 Posts.

463

25/08/21

07:18

Post #: 55544564
Share

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.

Expand

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

Reply

Top Stories

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Most investors will get this earnings season wrong. Will you?

ASE

Astute delivers high-grade lithium hits at Red Mountain

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

First 8 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Yes, good points, Sellier and groundhog.If the mine were in...

Top Stories

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Most investors will get this earnings season wrong. Will you?

Astute delivers high-grade lithium hits at Red Mountain

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

St George banks $5M from placement to ramp up Araxá Rare Earths Project

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Featured News