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
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $61.18M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 15.0¢ | $836 | 5.576K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 250000 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 25760 | 2 |
View Market Depth
| Last trade - 15.26pm 14/05/2024 (20 minute delay) ? |
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Last
17.0¢ |
Change
-0.005 ( 9.68 %) |
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| Open | High | Low | Volume | ||
| 17.0¢ | 17.0¢ | 17.0¢ | 1146 | ||
| Last updated 14.47pm 14/05/2024 ? | |||||
| MCM (ASX) Chart |