if ever there was a long term multi bagger this is it
Joe Blow, they're in the process of upgrading their first salt slag plant, if upgrade goes well - and all signs indicate it is on track, on budget - it will be completed in October and EBITDA will be $8.6m pa. Based on one plant alone would justify a market cap > $50m.
If the first plant is a success more plants will inevitably be rolled out overseas to take advantage of opportunities to make waste landfill (a cost) into a profit centre for the Aluminium refiners. Capex for each extra plant would be paid off in less than 2 years, the cash flow is very strong.
Even without putting any value on their other projects, it's no stretch at all to see this as a future multibagger providing the first upgrade is successful.
Quite right Joe.Craig: Assertions like this need further elaboration. If you believe MHM is a "long term multi bagger" then you need to explain why.
And from the linked research note on 28 Sept 2010:RBMG only accepts a select number of companies into their coverage universe in a given year, and those who are admitted into the RB Milestone Portfolio are deemed significantly undervalued and likely to outperform indexes and competitors.
To date, all of the companies that RB Milestone Group has admitted into its mining/resources coverage have averaged an increase of 41.54% on their share price since their coverage began, and of these companies, 100% remain at share prices exceeding their share price at coverage inception”. (Content provided by RB Milestone)
Well done the posters who were onto this one early....We assume that MHM would set up two plants in the US, with an initial invesetment of about US$50 million...Assuming a discounting factor of 14.4% and a span of 30 years production, we have arrived at a target price of $3.00, which provides an upside potential of 472.3% to the current [0.525] market price.
This little company has such great growth potential with Alumina refineries across the globe needing their salt slag solution technology.
A takeover is not out of the question imo but would need a big increase in the current shareprice as an offer to get over the line.
We are on a serious winner here with the re rating only just beginning $3 here we come !!!!!
$1.10 hanging in there have been as high as $1.30 anybody got any news on why they went up so fast.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?