Mining service EBITDA~$3m/yr apply EV/EBITDA=5 Mining service valued at $15m
This will Leave only $8m for the rest ($23m-$15m)
HDN has project range from grassroot to advance stage: Coal; Uranium; Lignite; Tantalum Gold Garnet Iron Ore Base Metal
The company is aimed to become a producer of coal and garnet in medium term, and uranium and iron in the future
Coal and Lignite: $15m? (comparable with RCI, BWN) Uranium; $10m? (comparable with NTU, NUP) Tantalum: $10m? (HDN used to be a tantalum producer The average yearly growth rate of about 8 to 12% in tantalum demand since about 1995) Gold $1m? Garnet: $5m (medium producer)? Iron Ore $5m long term producer)? Base Metal $1m?
Sub-total: Total $57m +Mining service: $15m Total: $72m
So 50c/share for HDN is about right.
HDN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)