MGO marengo mining limited

How is the market cap of this thing only $300 million? I picked...

  1. 1,112 Posts.
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    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!
 
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Currently unlisted public company.

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