EVN and NCM are currently selling on a PE of about 15 with NDT on 24.
If I assume the ASIC figures quoted by BGL and first 5 years of production and take 2/3 of the current difference in POG in A$ and BGL ASIC (to allow for other costs plus possible cost overruns from inflation), using a tax rate of 30% then BGL is selling on a prospective PE of 5 (when in full production) on current market cap. That is a third of the above miners. If I undertake the same calculation for CMM the PE is 15 on current market cap vs actual PE of about 12. Yes my calculations are probably conservative but that's intentional.
So is BGL too cheap? Or is the market assuming there is a high amount of risk?
Will BGL triple in SP once in full production or even go higher say 4 times?
EVN and NCM are currently selling on a PE of about 15 with NDT...
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Last
$1.55 |
Change
-0.045(2.83%) |
Mkt cap ! $1.977B | |||
| Open | High | Low | Value | Volume |
| $1.58 | $1.59 | $1.53 | $8.814M | 5.696M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14437 | $1.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.55 | 109261 | 2 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| BGL (ASX) Chart |