OTCPK:MGMXD - Post by User
Post by
materialsgirlon Jun 23, 2015 11:55am
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Post# 23859475
$30m to $35m in free cash flow in 2017
$30m to $35m in free cash flow in 2017Harbinus had made only one posting in his life under that name. Still, he sounds rather knowledgeable.
He or she predicted distributable cash flow of $30m to $35m in 2017. I think that he means this amount prior to making new investment commitments?
My response. I certainly hope so or we should all bail out
At $30m free cash flow we could look for a share price that is 13 times that amount or a market cap of $390m. This is more or less the Harbinus prediction too.
To me this is a baseline and I am imagining free cash flow to migrate up to over $50m before 2020. Of course we can only imagine because we do not know what additional production might be added in 2017 2018 and 2019
From there the next big leg up would be $100m in free cash flow; a bit after 2025.
We must be aware that eventually ALL assets will attract corporate income tax. All near term predictions are based on ~zero tax in Canada and everything outside Iceland.
mat