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0.6¢ moho resources limited

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Mikrokosmos

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28/04/20

05:32

Post #: 44290594
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Originally posted by sydneysider: ↑

Had a discussion with management.
(1) Directors own 13% of issued shares.
(2) Have accumulated world class exploration assets in IPO.
(3) MOHO IPO exploration spend was $1.5M, now at triple that amount in 18 months of work since IPO.
(4) Very difficult funding environment. Current equity raise will fund fast track development of East Sampson Dam open pit operations and secure cash flow for ongoing exploration programs.

There is a MOHO presentation with timeline for development of East Sampson Dam. My sense is that development is proceeding in a very positive direction. Assume that MOHO starts production from shallow open pits at an annualized rate of 5,000 - 10,000 ounces of gold per year for 12-24 months as a "pro-forma" model.
Typical WA gold production costs using contractors and independent mill operators is $1,600 per ounce, and current spot gold price is $2,700 per ounce, for free cash flow or EBITDA of $1,100 per ounce.

So annualized EBITDA falls within a range of $5,500,000 to $11,000,000 based on a current market capitalization of $4.7M taking into account current issue of 12 million shares.

My second sense is telling me that East Sampson Dam and other targets along the existing 3,000 meter strike line are generating some very prospective gold targets both along strike and at depth. This does not take into account potential targets being generated at MOHO's other WA and QLD gold projects.

Conclusion: MOHO is very undervalued and underfollowed.

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hello sydney,
thank you for your information.
i had an email conversation with Mr. Winter and i am happy with that.
it fits with your explanations.
i have been lucky to find MOHO a few weeks before, collecting a nice amount of shares.
so lets have a successful investment.
seems money will flow into explorer very soon.
have a look into the exter pyramide.
good luck.

https://sdbullion.com/blog/financial-crisis-protection

MOH Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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