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1.85%

5.5¢ medallion metals limited.

Looks ok at face value. I'd add that a discount rate of 7% is...

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lukeytrags

554 Posts.

311

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 5.5¢		Change 0.001(1.85%)		Mkt cap ! $17.53M

Open	High	Low	Value	Volume
5.5¢	5.9¢	5.5¢	$8.276K	147.9K

Buyers (Bids)

No.	Vol.	Price($)
1	24923	5.6¢

Sellers (Offers)

Price($)	Vol.	No.
5.9¢	51740	1

View Market Depth

No.	Vol.	Price($)
1	24923	0.056
2	198285	0.055
1	40000	0.053
1	450000	0.052
2	209617	0.051

Price($)	Vol.	No.
0.059	51740	1
0.060	151455	3
0.066	50000	1
0.067	74999	2
0.068	24849	2

Last trade - 14.53pm 02/05/2024 (20 minute delay)


Last 5.7¢			Change 0.001 ( 3.64 %)
Open	High		Low	Volume
5.7¢	5.7¢		5.7¢	26486
Last updated 14.28pm 02/05/2024 ?

MM8 (ASX) Chart