Some posters have made ludicrous comparisons to MAK such as RAU & WMT etc.
Then we have have the obligatory FMG & IPL comparisons.
Lets leave those alone for a minute & compare MAK to something of a similar ilk. Lets compare it to another company that has discovered a multi-billion$$ resource in Australia that is mine-able & is at JORC exploration stage with views of mining within 2 years.
The company that rang in my head is AGS. They have 25% of a maximum $6bill resource ($1.5bill AGS share) they are exploring & drilling to finalise that resource & hope to mine in within 2 years. Although its uranium, there are a number of similarities in that they are in Aus, have various challenges, and needed to convince the market of the validity of their find.
AGS have a MC of $272million ... inground value $1.5bill
With MAK, it has a $4bill resource in the high-grade portion alone! The full deposit is huge, and could still grow significantly from this.
MAK have a MC of around $130mill ... inground value $4bill
Despite the SP rise so far, the MC of MAK is still small at around $120mill when compared to AGS at $272 mill MC.
If we were to base our valuation on AGS, MAK should have a MC of around $560mill and be trading at around $5 plus to even be level with AGS.
Just to get it in perspective as the how much potential MAK has in the short term. Will it get there? I dont know. It could go down on profit taking ... it is a bucking bronco ATM ... but there is no doubt that the value is there.
Heaps more to say on this, but I will stop there
cheers
- Forums
- ASX - By Stock
- AEV
- mak value comparison
mak value comparison
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AEV (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.74M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $3.3K | 300K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 5834004 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 154900 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 5834004 | 0.010 |
4 | 4026000 | 0.009 |
4 | 904999 | 0.008 |
1 | 500000 | 0.007 |
5 | 10755000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 154900 | 2 |
0.012 | 1942510 | 5 |
0.013 | 1674703 | 6 |
0.014 | 2239999 | 3 |
0.015 | 2590146 | 5 |
Last trade - 10.00am 04/10/2024 (20 minute delay) ? |
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
AEV (ASX) Chart |