No way use a quarterly to value stock... but to value the forward earnings potential of Aussie only. I feel the value split is over half on the US, etc prospects and so they should be.
As Max throughput is 5000t pm then down to live rate after processed of land fills in Aussie. So it like a mine that will produce say 18 Mi in first 3 years then down to 6-8 Mil approx pa after 3 years. Value on forward earnings. 80c odd.
Yet discounted till they actually do it. They rest is speculation on Plants in USA, EU, etc which once Anned will be worth an easy couple of buck on a good deal. Which appears highly probable. IMO.
Shaking of the tree today... I will not be one the falls- I will pick some more on drops below 1.3. US deal then never see poorer side of $2.5 again IMO. Yet awaiting the finer details of this deal before loading up more if they still below $2 by this stage. Which is very ST going by Directors bullish statements.
MHM Price at posting:
$1.31 Sentiment: Buy Disclosure: Held
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