GREY:MLKKF - Post by User
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24~Karaton Feb 12, 2006 12:59pm
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Post# 10348119
Deeply Undervalued (part 2)
Deeply Undervalued (part 2)On an adjusted resource basis, Mercator Minerals is valued on an Enterprise Value (EV) to copper equivalent of US $ 0.004 per pound. The average for advanced stage exploration companies is US $ 0.026.
Comparing ML to mid-tier copper producers shows a similar picture of value. On an EV to its total reserve and resource base, ML is trading at US $0.004 per pound of copper equivalent. This is well below the group average of US $0.092 per pound.