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5.6¢ medallion metals limited.

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-28

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lukeytrags

564 Posts.

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06/03/24

08:49

Post #: 72764290
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Originally posted by binwood: ↑

Money gets made from sectors that are starved of capital when the tide turns.

Spot price model in the PFS was done at A$3k gold and US$7.9k copper. Current spots are A$3,100 and US$8,500 respectively. Copper 7.5% above assumptions slightly drops AISC towards $1,500. That is US$1k per ounce which is still very good compared to many.

This means at today's spot NPV7 (noting most gold stocks use 5) is A$400m+. We are trading at ~4% of NAV. It's priced for complete and utter failure. DFS stage should trade at something closer to at least 0.2x NAV based on peers and historical norms.

Will we? Who knows. But that's the bet you take buying here.

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Looks ok at face value. I'd add that a discount rate of 7% is unrealistic particularly for a micro cap mining speccy.

Id roll with 15% to be safe.

Last edited by lukeytrags: 06/03/24

MM8 Price at posting: 5.6¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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(20min delay)
Last 5.6¢		Change 0.000(0.00%)		Mkt cap ! $17.23M

Open	High	Low	Value	Volume
5.6¢	5.7¢	5.5¢	$20.40K	364.5K

Buyers (Bids)

No.	Vol.	Price($)
3	136858	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.6¢	16620	1

View Market Depth

No.	Vol.	Price($)
3	136858	0.055
4	187037	0.054
2	397358	0.053
2	80000	0.052
1	20000	0.050

Price($)	Vol.	No.
0.056	16620	1
0.057	77116	2
0.058	90000	1
0.059	8325	1
0.060	250000	1

Last trade - 11.19am 12/07/2024 (20 minute delay)

MM8 (ASX) Chart