Starting from a price/earning reference point of 5 which is low given the current limited mine life......and current market cap of some us$650, Mincor needs to make 130 mil us$ profit per year.
At minimum 200k tones of material how much is it getting payed? I understand that BHP offtake terms of contract are undisclosed but in my view is asking too much from the board of directors to be invested in a company, without letting share holders know financial terms. Thus is why I set a sell order hoping to get filled comes tomorrow. In absence of financial info, the only positive catalyst for mincor is an upgrade on reserve/resources that is far away in H2...by then maybe some financial income numbers will be already out and it could prove a very bad/negative surprise. Also i would like to know a bit more on how much stuff these truck can carry per week/month to realise is total potential delivery will be 200k or 600k per year....there is a big difference.
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