Two points I feel are worth noting,
acknowledging Glennj74 pulled apart the rest;
So from this, I'm gathering;
- Expansion is not just a 'side option'. It's practically being secured as the go-ahead at this point. This is pretty significant.
- They're expecting the substantial re-rate as much as we are. Should be worth the wait. It's a great sign to be hearing it from the company itself, in such clear wording.
I feel very strongly that MGT is currently a very, very good investment opportunity.
Our current market cap is 85m.
Our smallest NPV, stage 1, at 110 IO price, is $669m - by 2025.
half of that is $335m.
We could literally 4-bag from here and hit only half our lowest indicated NPV.
Our single step expansion NPV at 110 is $2069m
to reach this figure from where we are currently, we would need to bag our current share price 24 and a half times.At IO 150 its 4100m. That's almost a 50-bag from here.
Not including realistic premiums,
and JUST for razorback.
...and all we're waiting for is a funding plan - indicated to be Christmas time.
What the freaking eff is wrong with this market.
