mak value comparison

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