MKR
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8.82% 3.7¢ manuka resources ltd.

@timbin64the Wonowinta asset base is worth $100m+ to build today...

  1. goldbear77
    9,782 Posts.
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    01/10/21
    07:04
    Post #: 56485402
    @timbin64

    the Wonowinta asset base is worth $100m+ to build today - more likely +$125m based on recent mine capex inflation numbers

    inclusive of all options(ie fully diluted basis) @33c MKR trades at $99M EV if I dont include trade creditors or ~$108M if I do - using the annual report nos

    Essentially buying MKR is buying 50Moz of Ag and 50,000koz Au for zero + attaching earnings stream and exploration potential

    But as ive been stressing -- key to future value lies in your view on gold/silver spot trajectory

    MKR is about as leveraged a PM play as one can get. Market pricing of plant capital value rises and falls with spot price - along with pricing the value of the attaching earnings stream


    MKR Price at posting: 32.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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