Peer Group Companies (2) AfriTin (London listed, based in Namibia. Has already completed Stage One, small scale mine with sunk cost of A$23.8M to produce 804tpy of sn concentrate for annual sales of $40.8M to produce an EBITDA of $18.7M. MC is $119.7M. Afritin is in an expansion phase costing around $30M to upgrade EBITDA by 10x (generating tin, tantalum and lithium concentrate. This company has operations in AM7 general area
AM7 is using the same proven / economically positive business model and is about 12-18 months behind Afritin. BFS for Swanson tantalum. AfriTin has a current MC of $119.7M. So AM7 near term upside is 5x?? before we get fully into development of Bitterwasser potential. Good luck to all longs
AM7 Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
