RE:Northern Vertex Reports Revenues Of $25.9 Million, Net Incom These are fantastic results!. I did some number crunching today, for comparables to the big miners
NEE Enterprise Value = $208mm.
NEE EBITA (forward) = $46.6mm (taking the 6 month 23.3 over a 12 month period)
The EV : EBITA multiple = 4.5x
For some comps:
Barrick ABX = 8x
Kinross K = 6x
Newmont NEM = 9x
Purely looking at the math, this is a safe bet buy down here vs some peers. In a bull market, these multiples will increase but also revnues will increase and as a result all producers will make significant increases in share price.
NEE has the bonus of huge blue sky potential. Moss Mine is being drilled and as per NR today Mike Allen stated those results will be announced soon. NEE also has Hecules project which they acquired at the end of 2020. This is a district scale land package with excellent bulk oxide gold grades.
A strong cash position. Cash flow positive. Strong exploration and production upside.