Interested to know what people's target prices are for this stock? Current valuation seems extremely low on an EV/EBITDA basis (i.e. trades at 3.5x at current production levels and 2.6x if you factor in the stage 2 expansion).
Assuming a 4.0x - 5.5x multiple range, 6wmt of production and the current EBITDA margin implies a share price of 0.24 - 0.34 cents.
Seems like this company has material upside potential via either a multiple re-rate or derisking of the stage 2 expansion (provided that the Bauxite prices holds).
Interested to know what people's target prices are for this...
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Last
3.5¢ |
Change
-0.001(2.78%) |
Mkt cap ! $207.8M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.6¢ | 3.4¢ | $627.4K | 18.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1163144 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 639477 | 4 |
View Market Depth
| Last trade - 13.56pm 30/08/2024 (20 minute delay) ? |
| MMI (ASX) Chart |