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Wheaton Precious Metals Corp (Canada) T.WPM

Alternate Symbol(s):  WPM

Wheaton Precious Metals Corp is a precious metal streaming company. The company has entered into over 20 long-term purchase agreements with 17 different mining companies, for the purchase of precious metals and cobalt. It has streaming agreements covering approximately 19 operating mines and 9 development stage projects. The company's projects include Vale's Salobo mine and silver streams on Glencore's Antamina mine and Goldcorp's Penasquito mine.


Wheaton Precious Metals Corp (Canada) > MJS.V Fact Sheet - Including Q3

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November 29, 2022 - 08:53 PM
123 Reads
Post# 35138400

MJS.V Fact Sheet - Including Q3

Market Cap:        $ 93.41 Million

Cash Position:    $ 69.94 Million ( 51.50 Million USD )

****** Zero Debt ******


Getting MJS for: $ 23.47 Million ( 17.28 Million USD )


2022 Net Income 9 months: 22.27 ( 16.40 Million USD )

The financial summary for 3 most recent quarters:

September 30, 2022
Revenue:       $15,762,546
Net income:  $5,135,207


June 30, 2022

Revenue:       $16,438,676 
Net income:  $5,844,799   

March 31, 2022
Revenue:       $16,966,985  
Net income:  $5,417,860 

  • Mine In Productin Since 2011

  • Mine License extened for 10 years  Till 2031.

  • First Licensed for 5 year till 2016, Second extension 5 year till 2021, Latest extension 10 year till 2031.  No Regional or Regularity Risk.

  • Mine life till 2043 (21 More Years) so 1 more extension will be needed. History shows this will be routine.

  • Governmental Safety Inspections completed in August 12, 2021. No remaining risk.

  • Total cash costs are $654/ounce.  Gold trading at $1755/ounce
     

Shandong Mining trading at 25 times Net Income. Majestic Market Cap Calculation as per Peers

 

Majestic first 9 months net income: 16.4 Million USD

 

12 Month projected Net Income: 22.0 Million USD

 

*** 22 Million x 25 times multiple = 550 Million USD ***