More info below from Brokers report 20 June 2007.
MIS is cheaper relative to other Mid West companies. MIS is trading on an enterprise value of A$80/t reserve and A$4.73/t of resource. MMX is trading on an enterprise value of A$256/t reserve and A$32.50/t of resource.Relative to MIS, MMX appears expensive on an in-ground resource basis.
Additionally the companys projected production rates and target resourcebases are similar yet MMXs EV is circa 2.5x that of MIS.
MIS
midwest corporation limited
more info on mis from brokers report
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