So i bought in pretty heavily today, projects look great, progression looks great, MC and cash on hand look great which got me thinking who is this best to compare to when looking at others doing the same thing as a way to look at potential future growth, the company i think this most resembles would be something like Fenix Resources
MGU
FEX
1
MC
23m
165m
2
Fe 68+% output
800ktpa moving to 1.6Mtpa expansion
1.3Mt according to recent presentation
3
Resource Size
232Mt at 18.6%
8.3MT @ 65%
4
Location
Nevada USA
WA
5
Cash on hand
5.2ish million
76m
6
Latest Dividend paid
N/A
0.02 per share
Its a good looking comparison, FEX has a MC about 6 times higher which still seems quite low to me, more importantly they are consistently paying a dividend, in the past around 5c per share and now down to 2c per share. Also FEX are in DSO for their initial production with CAPEX around 11m AUD in 2019 were they were around 10m MC and 4c, rising as high as 44c once production begun..
Who do you guys use as a good near term comparison? (not FMG, i googled, their yearly output is 1000X MGU expansion case)
MGU Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
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