BRL 0.62% 80.5¢ bathurst resources limited.

Ann: June 2021 results announcement, page-13

  1. 1,524 Posts.
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    Just had a look back at 2019 FY when BRL made a NPAT of $45m and EBITDA of $106m... export pricing averaged $204.56/t USD and some are picking prices of $190/t USD for the near future (article below).. currently EBITDA forecast is $55m odd... if things continue to be elevated like they are, this will surely be blown away and we could be looking at $100m+ EBITDA again... and if that is the case, with a currently market cap of $120m, BRL is massively undervalued by 3 or 4 times, making my $2 price target (20 cents prior to consolidation) quite reasonable to say the least (and even if BRL came out in FY22 producing $70m EBTIDA, a P/EBITDA of 4 would still make for a market cap 2x that of today!)
    Time will tell.

    https://unauthorised investment advice/resources/monsters-of-rock-analysts-are-tearing-up-coking-coal-forecasts-as-prices-soar/
 
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80.5¢
Change
-0.005(0.62%)
Mkt cap ! $155.0M
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82.0¢ 82.0¢ 80.5¢ $4.712K 5.851K

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2 8254 79.5¢
 

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Price($) Vol. No.
81.0¢ 24815 2
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