TSXV:MENE - Post Discussion
Mene Inc
> We're Soooooo Undervalued – Check These Chart! Excellent Opp
Post by
Swedeprof on Jul 07, 2021 2:35pm
We're Soooooo Undervalued – Check These Chart! Excellent Opp
Ok, when AGX was doing their $14M financing at 60c their EV/Silver Eq Ounces was at $1. But since we are under pressure from a previous PP in 2020, our EV is at ~$42M and as such our EV/AgEqOz is now at $0.61.
This is a no brainer buy and hold at this price. Production is ramping up quickly over the coming months – In 2022 we will be producing over 2M oz Silver/yr. This puts our EV/Forecasted silver production at the lowest of some peers!
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