Issued shares 49.0M shares and around $2.0M cash. Developing small open pit gold production abutting Poseidon process plant in WA.
Conceptual annualized production of 5,000, 10,000 or 15,000 ounces of gold. Assume A$2,500 gold price, $1,200 ounce production cost and 75% project equity for free cash flow of $4,875,000, $9,750,000 or $14,625,000.
$4,875,000 free cash flow x 3 = $14,650,000 or $0.30 per share conceptual valuation $9,750,000 free cash flow x 3 = $29,250,000 or $0.60 per share $14,625,000 free cash flow x 3 = $43,875,000 or $0.90 per share Current share price is 6.5 cents.
MOH has exercised right to 75% interest IMHO confirms economic viability of upcoming gold production which I believe will fall within my ball park guesstimates. MOH has a very tight / small share float which underpins moonshot potential. MOH also holds two additional moonshot type gold projects (relative to current valuation).
MOH Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
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