I reckon a safe and conservative assumption is profit $20m a quarter, thats $80m annualised.BHP and RIO has multiples of 13 and small businesses 7 but lets be conservative and leave some profit on the able and multiply by 5. Thats a valuation of $400m and a share price of ~$0.40. This is the minimum not taking into account forecasted future favourable rocket NP, futher depreciation in Real v USD and continous improved COP. I will take a guess about the upside unlike our solid CFO and say our upside could be $2b cap meaning ~$2 SP but this as the CFO will say is "speculative" yet realistic if you take into account the pros analysts forecast of forex and NP.
Imo dyor
MBN Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held