Post by
arh0070 on Nov 07, 2019 11:31am
maverix
Very volatile trading in Maverix ,reasons unclear .There has been mention by the president of RNX that they are negotiating with Mav to reduce the 7.5% royalty on the beta hunt mine .I personally would think it would be a breach in the fiduciary responsibility of the board of directors of MAV and its president if they sell all or part of these royalties back to RNX for less than market value .Those royalties generated 3.3million for MAV in the last quarter .I don't know how you value royalties but if MAV gets say 13 million in a year from the beta hunt (production has risen now to about 100,000 ounces per year),then with a p/e of 5 the royalties are worth 65million,a p/e of 10 130million and a p/e of 15 almost 200 million .