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0.4¢ mrg metals limited

Thanks for your input, it's greatly appreciated.Is this the...

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winesy108

452 Posts.

662

08/02/22

12:22

Post #: 59428986
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Originally posted by T.E.P.: ↑

Hey @winesy108,

Those are fairly sensible rules of thumb that you are using. Good stuff. Personally, I have determined my P/NPV guidelines based on a historical sample set of P/NPV analysis run by Edison in a 2017 study across a variety of metals gold, silver, uranium, copper and zinc juniors etc.

Edison determined the most important factors as project grade, IRR, jurisdiction and then size. But, all vary with time/stage. Low CAPEX intensity was also revealed as key. Those factors help determine whether the project should trade closer to the mean or the maximum P/NPV ratio.

Also, it is worth noting that there is an apparent ‘anomaly’, whereby valuations are lower for companies with projects at PFSstage than they are for companies with projects at PEA stage. This is a good thing for MRQ. Interest in the PEA could enable a fairly high valuation across the next couple of months if all goes to plan...

It is a firm hold for me at this stage; I'm looking for prices in the 2-3c range and I think we'll get there.

T.E.P.

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Thanks for your input, it's greatly appreciated.

Is this the report you're speaking of? https://www.edisongroup.com/sector-report/mining-overview-unlocking-the-price-to-npv-discount/19909/

I'll be sure to give it a read!

MRQ Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $9.490M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$6.889K	1.968M

Buyers (Bids)

No.	Vol.	Price($)
34	28621193	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	21529463	8

View Market Depth

No.	Vol.	Price($)
34	28621193	0.003
23	17197476	0.002
27	37184106	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	21529463	8
0.005	12810000	13
0.006	8436250	11
0.007	5484000	7
0.008	5188095	6

Last trade - 13.54pm 30/09/2024 (20 minute delay)

MRQ (ASX) Chart