How is the market cap of this thing only $300 million? I picked up the last of my initial parcel today (but hoping to buy more come early July), this thing is screaming under-valued out at me and I'm looking for at least 1000% return come the time they're producing 50, 000 tonnes of copper a year. Could easily see 1500% from here with a rising price of copper too?
50, 000 tonnes of copper x $10, 0000 = $500, 000 000 revenue NPAT ~$300 million = market capitalisation of $3 billion.
With copper at $15, 000 tonne. = $750, 000 000 revenue NPAT ~$450 million = market capitalisation of $4.5-5 billion
Extra upside potential with the HUGE resource base and unexplored land they have.... they could easily be producing 1-200, 000 tonnes of copper a year which means 1500-5000% potential upside depending on the price of copper.
If I may be so bold to predict, this is the next PDN, OXR (OZL) or FMG IMHO. DYOR!
MGO Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
