RE:RE:MND seems so undervaluedThanks for providing your list to consider. Let me add that the Share buyback program could reduce the shares outstanding by up to 5% which will be added to the bottom line for 2023.
The market cap I mentioned for MND is only the present market cap, which we can all agree is extremely low. That was my point. That means a takeout offer can come in much higher than the current share price. It will not be a simple merger of 2 companies type as we have seen with some gold company deals lately. On the other hand, nobody will pay anywhere near a $2.52B market cap unless they strongly believe the price of gold will go up considerably from here. A $750M to $1B takeout is very reasonable at this point but I think a $500M offer would be considered by investors thinking short term which is a double in the share price.
At a $2500/oz average gold price, the worst and best case scenario using the same Capex cost and numbers in my previous post gives me a share price range for MND between $10.96 to $14.85. Will gold go up another 600/oz from here within the next year, two, or three? The share price range in my numbers all depends on hitting the lower or higher AISC and gold production targets. At $10.96 share price is about a $1B market cap using the 92.5M shares outstanding.
For now with a gold price at $1900/oz, we know MND should be trading between $4.15 and $7.19 again depending on actual AISC and gold production for 2023. To go higher than these numbers, gold production at their mines or the gold price needs to increase. Reducing shares outstanding, debt, etc, can also help the bottom line.