My Predicted EPS for 2022: is between $0.12 and $0.13. Currently trading at $0.38 this gives a PE of just ~3x.
Industry PE average is around 10. which would value MLX at approx. $1.20 - 1.30.
Someone also please correct me if I'm wrong, but the resource update indicates approx. Renison 160Kt Sn (MLX 50% share). Let's assume 75% recoverable? = 120kt Sn. IF manage to realise headroom of just $10k/t = 1.2bn in FCF?
Someone please let me know if these calculations are way off.
MLX Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
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