Re: MTN - Marathon Resources
What you say is good/correct in your post, but right at the end it lacks basic knowledge.
What you say is good/correct in your post, but right at the end it lacks basic knowledge.
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.
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:Kennas I know these deposits. They are small 3-5mil pounds same as Watta and Andersons.
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.
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.
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.
LOL, I agree. Market values SMM at $1.2b, and MTN at about $330m. Case closed.Well at the moment market is rerating mtn steadily, so the market speaks I guess kennas.
Our words mean little.
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
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.
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.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
mmmming, I am really glad you think MTN is worth something between 15 and 65 dollars. Cheers.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...
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.
I don't even know what this means.It is a time to think again, to find the magic feel.
I need to read, talk, and feel things.
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.
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