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Re: MTN - Marathon Resources

What about minority groups? Can they stretch it out or delay the project severely? This has happened with my Terramin stock - delayed coz near a small town and has been delayed for more than a year.
 
Re: MTN - Marathon Resources

Halba said:
What about minority groups? Can they stretch it out or delay the project severely? This has happened with my Terramin stock - delayed coz near a small town and has been delayed for more than a year.
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Halba, I believe MTN has to deal with issues one by one. At this stage, their priority is to define and upgrade the resources to indicate and measured level. Mt Gee is no town, but full of hillside.
 
Re: MTN - Marathon Resources

Okay. I have to agree the resource itself is world class, similar to AGS's beverley 4 mile and SMM's.

I'll see how the coffey mining study is, its due soon.
 
Re: MTN - Marathon Resources

How I see it is MTN has great fundamentals (good mkt cap, good size resource). However, I can still see the price of this share going down short term due to this correction. But before you go & sell your shares, just think of these two ideas: (For me, I tell myself that these are facts)

1) When the correction is over and it rebounds up, where will the share price be then?.......(certainly not under $3)

2) Even if it does go down to $2 - $2.50, it would be a prime takeover target. And looking at the average price of the last couple of weeks plus a small premium to go with it, the takeover bid would be at least $4.50.

So whatever the short-term price of this stock will be, I believe that long term price of this stock is UP. The tricky part is trying to pick where the bottom will be & then buying in hard.

PS. If it ever reaches under $2. I think I am willing to increase my margin loan, mortgage my house, sell my car, and whack it all into this stock. I have already talked myself into doing it if it ever occurs.
 
Re: MTN - Marathon Resources

greggy said:
On what basis do you make this call?? Perhaps you just have quite a few of them. Either way, its not helpful to make calls like this without proper reasoning or a chart.
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It's the cheapst uranium stock in the market. According to the resources MTN has, its worth 5 billion. [$3/IB of U3O8]
 
Re: MTN - Marathon Resources

sydney1963 said:
It's the cheapst uranium stock in the market. According to the resources MTN has, its worth 5 billion. [$3/IB of U3O8]
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Can you expand on how you've come to this $5 b valuation please Sydney. Thanks.
 
Re: MTN - Marathon Resources

Sydney, I don't think MTN is the "cheapest". So many things affect value and value is perceptive. Considering the location and resources I believe BMN to be the cheapest. These u stocks are particularly sensitive re: their location.
 
Re: MTN - Marathon Resources

kennas said:
Can you expand on how you've come to this $5 b valuation please Sydney. Thanks.
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He got that value by multiplying the found resource by its current price...

So 69,000,000,000 pounds X $85 per pound... He has a point but how much is a company that doesn't earn money worth?
 
Re: MTN - Marathon Resources

insider said:
He got that value by multiplying the found resource by its current price...

So 69,000,000,000 pounds X $85 per pound... He has a point but how much is a company that doesn't earn money worth?
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Thanks Insider. I think that makes $5.8b. But surely a company's valuation isn't what raw resources it has in the ground. I think there are many other factors to consider what it's 'value' is.
 
Re: MTN - Marathon Resources

kennas said:
Thanks Insider. I think that makes $5.8b. But surely a company's valuation isn't what raw resources it has in the ground. I think there are many other factors to consider what it's 'value' is.
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The cost and the TIME taken to extract it should probably be considered.
 
Re: MTN - Marathon Resources

nizar said:
The cost and the TIME taken to extract it should probably be considered.
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Cost is a good start. We've got no idea how much it's going to cost to actually get the mine up and running at this point. How much debt will that put the company under, or how many more shares will they have to issue to get the cash, diluting the shares by how much, blah, blah....list is endless.

Perhaps someone knows the 'average' cost to establish a uranium mine at Mt Gee, and how much it will cost to then extract it considering all the logistics and work force costs.

Hhhmm, perhaps this has already been covered in the thread and I missed it??
 
Re: MTN - Marathon Resources

I posted this on the SMM thread a while back,
But I am happy to value an explorer at an absolute maximum of 1/10 the value of its resource, taking into account dev time, risk, dilution, etc, etc.
 
Re: MTN - Marathon Resources

Rafa said:
I posted this on the SMM thread a while back,
But I am happy to value an explorer at an absolute maximum of 1/10 the value of its resource, taking into account dev time, risk, dilution, etc, etc.
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Is this common Rafa, or just your experience? I have seen that stated somewhere before. Perhaps it was you....
 
Re: MTN - Marathon Resources

Hi, Guys, I think we are getting too technical. MTN is not into mining stage yet. It is still a exploration company, so use the valuation method accordingly, that is the EV/lb resources.

The ratio of IGV (in ground value) to market cap/EV for exploration company is very high (10 to 30), moving significantly lower (5-10) when approaching mining stage.
 
Re: MTN - Marathon Resources

Rafa said:
i posted this on the SMM thread a while back,
but i am happy to value an explorer at an absolute maximum of 1/10 the value of its resource, taking into account dev time, risk, dilution, etc, etc
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Agree.
I have heard this before.

I have market cap of MTN at $131million.

$580million still a while to get to that.
Looks cheap compared to DYL i must say.

(i dont hold this stock)
 
Re: MTN - Marathon Resources

kennas said:
Cost is a good start. We've got no idea how much it's going to cost to actually get the mine up and running at this point. How much debt will that put the company under, or how many more shares will they have to issue to get the cash, diluting the shares by how much, blah, blah....list is endless.

Perhaps someone knows the 'average' cost to establish a uranium mine at Mt Gee, and how much it will cost to then extract it considering all the logistics and work force costs.

Hhhmm, perhaps this has already been covered in the thread and I missed it??
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Is there an issue with any potential mining at Mt Gee being blocked by aboriginal interests due to proximity to a sacred site nearby? I seem to recall reading something about this issue?
 
Re: MTN - Marathon Resources

sydneysider said:
Is there an issue with any potential mining at Mt Gee being blocked by aboriginal interests due to proximity to a sacred site nearby? I seem to recall reading something about this issue?
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Similar to whats happening at Jabiluka ey?
 
Re: MTN - Marathon Resources

If you look back through this post, this question has only been asked and answered about 10 times before. It seems there is not much problem with aboriginal sites. Most problems can be made to disappear if the right palms are crossed with silver in any case.
 
Re: MTN - Marathon Resources

exgeo said:
If you look back through this post, this question has only been asked and answered about 10 times before. It seems there is not much problem with aboriginal sites. Most problems can be made to disappear if the right palms are crossed with silver in any case.
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U must be kidding? Who pays the bribes to whom??
 
Re: MTN - Marathon Resources

MTN @ $3.33 11.30 back from 2.94 yesterday,but the correction may not be finished yet,still SP200 did not go down to 5500 as some expected b4. :)
 
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