MND seems so undervaluedAfter looking at the guidance for 2023, MND could be a double from here. I used the same method on PRU back in September which I thought could double and it did.
MND 2023 estimates:
Using 92.5M shares outstanding.
AISC of $1150-1325/oz
105,000-118,000 oz production guidance
Non Sustaining CapEx between $16M to $22M:
My worst to best case value of MND using $1850/oz average share price for 2023
Range of $3.58 - $6.55 /share with CapEx of $22M
Range of $4.23 - $7.20 /share with CapEx of $16M
My worst to best case value of MND using $1950/oz average share price for 2023
Range of $4.72 - $7.83 /share with CapEx of $22M
Range of $5.37 - $8.48 /share with CapEx of $16M
So each $100 increase in the average gold price increases MND's share value by over $1/share
Also, MND is profitable, is buying back shares, and could easily be taken out since its market cap is around $232M.
Again, with MND sitting around $2.50/share is very undervalued in my opinion.