Just stumbled on this stock after seeing BFS summary.
A$30M mkt cap
Makhado BFS has NPV of USD$268M = ~AUD$370M
Not a huge capex requirement (~A$55M), decent payback (3.8 years)
Spot prices multiples of LT pricing used in modelling
Not sure if NPV calcs are 100% basis or based on MCM's 68% ownership
I know South Africa has some sovereign risk, and there would be decent funding overhang, but trading at 8% of NPV? Still only 12% if you use 68% interest. What am I missing?
Just stumbled on this stock after seeing BFS summary. A$30M mkt...
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Last
15.5¢ |
Change
-0.010(6.06%) |
Mkt cap ! $73.79M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 15.5¢ | $19.71K | 124.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 28995 | 1 |
View Market Depth
| Last trade - 15.36pm 18/09/2024 (20 minute delay) ? |
| MCM (ASX) Chart |