BIG burrendong minerals limited - withdrawn

New Target - $5

Currently unlisted. Proposed listing date: WITHDRAWN
  1. 113 Posts.
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    OK - I am happy to be the one to start the new thread. $5 is around a fully diluted market cap of $830m. Working backwards from a 30x annualised cash profit multiple requires $27.6m annualised free cash flow or $6.9 per quarter which would require a 23% improvement from the September quarter. Given revenues have consistently been growing at over 40% this seems and entirely reasonable (even somewhat conservative) assumption. IMO
 
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Currently unlisted public company.

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