NRZ - NeuRizer Ltd

[Halba]

Re: MTN - Marathon Resources

I reckon it's because Summit is now an average Joe Share. It gets far more media coverage than a share like MTN. For instance today Summit was in the business section of the local paper, the business section of sky news on Foxel. It's portrayed as the next uranium mine in Australia to go prod.
Always in Fin market wrap due to it's good returns when compared to non uranium shares like MTN which doesn't get mentioned.

What you say is good/correct in your post, but right at the end it lacks basic knowledge.

 

[Sean K]

Re: MTN - Marathon Resources

Kennas I know these deposits. They are small 3-5mil pounds same as Watta and Andersons.

OK, so what value to you put on these to SMM? You then need to adjust your resource to market cap analysis for your comparison to MTN. This is important. You've made a valuation, on only one of SMMs projects to determine a valuation of $15 for MTN. The additional projects you need to assess and place value on include:

Uranium:
Andersons
Watta
Skal
Bikini
Mirrioola
Tjilpa
Warawai

Uranium targets with known mineralisation:
Mirrioola South
Mirrioola Nth
Crowbar
Woomera
Pile
Hero
Red Alpha
BullFrog
Ecotte
Western
Mixabe
Drum
Riah John
Calton
Naparjin

Also - the Georgia Basin - geophysical surveys underway

Base Metal Projects:
Apoge
Red Bull
Barkley
+13 other projects

Iron Ore (to be floated perhaps):
Constance Range - potentially 200m tns

Phosphate:
Babbling Brook Hill
Riversleigh

SMM is been valued on all of this by PDN and Areva. Not just Valhalla.

I'd be interested to see what you come up with, and if you still get $15 for MTN then great!

(not holding SMM)

(holding MTN)

 

[Halba]

Re: MTN - Marathon Resources

Kennas if you flick back, I said MTN would be worth $15 right now, with a valuation 1/2 of SMM. That means I'm taking into account upsides from both sides already. 15 is very conservative. MTN also have many prospects in the Mount painter inlier probably equivalent to SMM's satellites. MTN @ $15 is about $10 a pound, SMM @ current is over 30 on current resources only. Since both have equal ability and opportunity(through drilling) to increase resources then arguably MTN is still more 1/3 cheaper than SMM at $15 a share.

Please watch the following:

http://www.investortv.com.au/wl/vr.aspx?id=CMP126ZNLECT15X77B2JQ

 

[Sean K]

Re: MTN - Marathon Resources

Kennas if you flick back, I said MTN would be worth $15 right now, with a valuation 1/2 of SMM. That means I'm taking into account upsides from both sides already.

No you didn't, you only considered the defined resource from Valhalla and compared it to Mt Gee:

Looks too cheap. SMM takeover is over 1300m+ valuation of SMM, and it has 65million pounds 50% owned, approx $37 a pound valuation.

MTN if it was valued even at half of SMM's valuation would be worth $1.4billion, or around $15 a share right now.

You are correct in saying that you need to consider all of SMMs assets compared to all of MTNs. Both have some other great assets as you say.

Analysing just those 2 projects is not an accurate way of determining the full value of either company. Perhaps SMMs other assets are worth 10 times those of MTNs? I'm not saying they are, but perhaps PDN and Areva's accountants, lawyers, analysts, directors and MDs have actually looked at this??

 

[mmmmining]

Re: MTN - Marathon Resources

I am confused with all SMMTN comparsion things. Simply you cannot.

Maybe keep it simple, use EV/lb, or NPV whatever, to workout something. It wasting time to get into too much details since there are so many uncertainties.

 

[Halba]

Re: MTN - Marathon Resources

Well at the moment market is rerating mtn steadily, so the market speaks I guess kennas.

Our words mean little.

 

[Halba]

Re: MTN - Marathon Resources

I am confused with all SMMTN comparsion things. Simply you cannot.

Maybe keep it simple, use EV/lb, or NPV whatever, to workout something. It wasting time to get into too much details since there are so many uncertainties.

Why not?? They are both ASX listed and have similar size projects. MTN mkt cap $300m, SMM $1.4bil

 

[Sean K]

Re: MTN - Marathon Resources

Well at the moment market is rerating mtn steadily, so the market speaks I guess kennas.

Our words mean little.

LOL, I agree. Market values SMM at $1.2b, and MTN at about $330m. Case closed.

 

[dj_420]

Re: MTN - Marathon Resources

perhaps some of this difference could be due to heritage area of mt gee!

noone acknowledges this fact, the little yellow footed rock wallaby could be the very reason why MTN isnt through the roof.

 

[Halba]

Re: MTN - Marathon Resources

perhaps some of this difference could be due to heritage area of mt gee!

noone acknowledges this fact, the little yellow footed rock wallaby could be the very reason why MTN isnt through the roof.

Underground mine

I don't see wallabies inhabiting underground areas.

 

[dj_420]

Re: MTN - Marathon Resources

Underground mine

You could argue the same thing for jabiluka but that is not going to happen anytime soon.

MAYBE just maybe this is why MTN is priced at a massive discount to SMM.

 

[UraniumLover]

Re: MTN - Marathon Resources

MTN a non-uranium share ?

Oh thats right, you were the guy that wanted to buy BMNOs !!

I know MTN is uranium.. that was a grammar issue. Was trying to make point MTN hardly mentioned in publications like Fin while PDN, SMM get far more publicity
I never wanted to buy BMNO's either.. was just checking them out.
I wouldn't be returning over 100% in this if I didn't know what it mined.

 

[Halba]

Re: MTN - Marathon Resources

:band Another breakout. Regardless of some pessimism, this is another 52 week high.

MARATHON RESOURCES FPO

Stock Bid $ Offer $ Last $ Change* Open $ High $ Low $ Volume News
MTN 5.200 5.220 5.220 +0.220 5.050 5.220 5.050 31,540

 

[insider]

Re: MTN - Marathon Resources

I know MTN is uranium.. that was a grammar issue. Was trying to make point MTN hardly mentioned in publications like Fin while PDN, SMM get far more publicity
I never wanted to buy BMNO's either.. was just checking them out.
I wouldn't be returning over 100% in this if I didn't know what it mined.

We were joking... at least I was :

 

[mmmmining]

Re: MTN - Marathon Resources

Kennas if you flick back, I said MTN would be worth $15 right now, with a valuation 1/2 of SMM. That means I'm taking into account upsides from both sides already. 15 is very conservative. MTN also have many prospects in the Mount painter inlier probably equivalent to SMM's satellites. MTN @ $15 is about $10 a pound, SMM @ current is over 30 on current resources only. Since both have equal ability and opportunity(through drilling) to increase resources then arguably MTN is still more 1/3 cheaper than SMM at $15 a share.

Please watch the following:

http://www.investortv.com.au/wl/vr.aspx?id=CMP126ZNLECT15X77B2JQ

I feel like a bit behind after all the actions. I have not contribute anything to MTN except successfully predict $110sh/lb uranium and $5+MTN.

I reviewed all recent postings, and start believing Halbra's $15-$65 MTN price target. I cannot finish my reasoning tonight just one glass too much. I promise I will write something this weekend, short and simple, no wobbling though...

 

[Sean K]

Re: MTN - Marathon Resources

I feel like a bit behind after all the actions. I have not contribute anything to MTN except successfully predict $110sh/lb uranium and $5+MTN.

I reviewed all recent postings, and start believing Halbra's $15-$65 MTN price target. I cannot finish my reasoning tonight just one glass too much. I promise I will write something this weekend, short and simple, no wobbling though...

mmmming, I am really glad you think MTN is worth something between 15 and 65 dollars. Cheers.

My personal prediction is for $100 because I own it!

Go MTN!!!, you are the best shtlock in the multiverse!!!!!!

How's thAT FOR FUnDAMENtal ANALYSIs!!

 

[Halba]

Re: MTN - Marathon Resources

No worries kennas. By the way as the TSX listed uranium company valuations keep blowing out(last night up again), the more there is a "valuation gap" between MTN and the rest ,and what is the effect on MTN SP? It has to go up!

Canadian listed valuations : $15-35 a pound USD (examples include UEX Corp, Denison, Mega uranium, Laramide)

Australian listed MTN : $3 a pound AUD

See they are valued at much much higher and USD as well!!! MTN is valued on AUD per pound!

Cheers

Halba.

 

[mmmmining]

Re: MTN - Marathon Resources

My personal prediction is for $100 because I own it!

I cannot count you as a owner of MTN. You read chart, not value. You jump in and out, with no loyalty. You $100 price is only considered as ramping

My God, have a medidoc ramping?

Go back to my previous posting, When MTN is only about 78c in Oct 06, I predicted it would reach $4 in 6 months with conditions. It is now $5+.

It is a time to think again, to find the magic feel.

I am still gathering information. I need to read, talk, and feel things. I will write it later.

Stay tuned...

 

[Sean K]

Re: MTN - Marathon Resources

I cannot count you as a owner of MTN. You read chart, not value. You jump in and out, with no loyalty.

I do both FA and TA to be best of my ability and experience. This is not much. I'm a beginner. You only see the charts.

I own MTN for now, I have NO loyaly to it, and will sell it when I think it's too expensive, or otherwise, to make money.

It is a time to think again, to find the magic feel.

I need to read, talk, and feel things.

I don't even know what this means.

Did you not understand my post to be sarcasm? Please say you did. Concerning.

I'm very much looking forward to your detailed analysis on the $65 valuation. Unless that was a error, or sarcasm also?

 

[nizar]

Re: MTN - Marathon Resources

I own MTN for now, I have NO loyaly to it, and will sell it when I think it's too expensive, or otherwise, to make money.

I take the same approach.