MNB

3.08%

6.7¢ minbos resources limited

All fair points chuk, the market will wake up at some point,...

First 297 Last

Share
Profile

Follow
MrLamby

485 Posts.

236

09/08/21

23:47

Post #: 55155683
Share

Originally posted by chuk: ↑

I get the feeling we have recently been suffering from a case of non-lithium-itis.
The lithium stocks have been on a tear lately and I suspect money has been coming out of other sectors to buy lithium stocks. I also think many lithium stocks may have run too far, too fast. So we just might see some of that transfer of cash to lithium stocks reverse.
I've done a lot of research on a number of Li stocks and while many appear to have a bright future, many are at least 3-4 years from production, many are not permitted yet, with valuations already typically at 30-50% of NPV. For some, that doesn't leave much upside after allowing for equity issues to raise part of the funds needed for the large capex requirements - typically $US600 mill or more. Any remaining upside to NPV after the mc increases from equity issues has 3-5 years to be realised.
Compare to MNB.
MC $36mill, capex requirements perhaps having increased to around $45mill (still extremely low relative to NPV), strong funding support from the IFDC, with a NPV of at least $600-700mill at current MAP prices and first production within a year.
I.e. Even after allowing for dilution to fund part of the capex, there is just 1 year to production and for the sp to increase more than ten fold to reach the NPV at current phosphate and MAP prices. From a discount to valuation perspective, with mining license in hand, I'm not aware of a stock that comes close to the upside offered by this one.

Expand

All fair points chuk, the market will wake up at some point, I'm just glad I have a decent position already, got another smallish parcel again today at 8c.
Still looking to close out some other non-performing positions to put it all on Minbos..
Could MNB be the most undervalued stock on the ASX?

MNB Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

WGX

Westgold sets its sights on top five producer status through merger with Karora

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

Is oil undervalued?

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GRX

GreenX picks up prospective copper project in Germany

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

There are more pages in this discussion • 675 more messages in this thread...

First 297 Last

Add MNB (ASX) to my watchlist

(20min delay)
Last 6.7¢		Change 0.002(3.08%)		Mkt cap ! $58.86M

Open	High	Low	Value	Volume
6.7¢	6.7¢	6.7¢	$14.82K	221.2K

Buyers (Bids)

No.	Vol.	Price($)
1	12250	6.5¢

Sellers (Offers)

Price($)	Vol.	No.
6.7¢	12449	3

View Market Depth

No.	Vol.	Price($)
2	30000	0.064
2	27700	0.063
3	220000	0.062
4	387052	0.061
7	417297	0.060

Price($)	Vol.	No.
0.068	100000	1
0.069	302397	3
0.071	258003	2
0.072	100000	1
0.073	91000	1

Last trade - 15.39pm 02/08/2024 (20 minute delay)

MNB (ASX) Chart

All fair points chuk, the market will wake up at some point,...

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Westgold sets its sights on top five producer status through merger with Karora

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Venture to sniff out high-grade REE targets at Jupiter project, WA

Is oil undervalued?

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GreenX picks up prospective copper project in Germany

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

All fair points chuk, the market will wake up at some point,...

Top Stories

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Westgold sets its sights on top five producer status through merger with Karora

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Venture to sniff out high-grade REE targets at Jupiter project, WA

Is oil undervalued?

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GreenX picks up prospective copper project in Germany

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News