MYG has around 600,000,000 shares on issue after converting all options,plus additional 100,000,000 for next capital raising of $8 million for next year drilling program.
Assuming producing 70,000 ounces gold with around $50 million profit, that
means $250 million market cap. @ PE of 5.(IGR is trading PE @5).
Plus $40 million loan from bank to upgrade its mill.
Expecting good results from drilling next year also.
With available facts, I have a fair valuation of 28 cents a share in next 18 months IMO.
Gold price is another unknow fact could affect that.
Your feed back is much appreciated.
price target
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Last
72.0¢ |
Change
0.030(4.35%) |
Mkt cap ! $65.85M | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 72.0¢ | 69.5¢ | $10.90K | 15.30K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20726 | 70.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.5¢ | 26250 | 1 |
View Market Depth
| Last trade - 15.58pm 05/07/2024 (20 minute delay) ? |
| MYG (ASX) Chart |