KMC NGF

re: Ann: NGF: Takeover Offer for Kalgoorlie M... PGX just up the...

  1. rastes
    2,945 Posts.
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    24/05/13
    16:09
    Post #: 11806557
    re: Ann: NGF: Takeover Offer for Kalgoorlie M...
    PGX just up the road might be next. ?

    Phoenix is trading at a meaningful discount to peers with an enterprise value per ounce of $6/oz, compared to the peer average of $21/oz. If we assume the company can achieve its 4Moz exploration target by year-end, the company is trading on an EV/oz of just $4/oz. In theory, this suggests that if a third party bids for Phoenix today with a 35% premium, it could potentially acquire around 4Moz for close to the typical industry discovery cost of around $10/oz. : )
    KMC Price at posting: 0.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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