Post by
Frozengoldwaiti on Oct 11, 2024 1:40pm
Actual Madsen Value
PGM was a stock scam. the big value was never there.
This property in its current form could be a very profitable mine. Not much more.
This is not a bad thing. 40 milliion USD or so of actual profit per year is very good.
If they can fill the mill with ore at 7- 10 gpt the profit margin is very high. the actual size of the project is what it is. 50 to 60,000 ounces per year. 135USD million of revenue, 100USD million of actual, ( mining,milling,financial) costs 40% profits.
Very good business. Value of 5X profit would be 200 million.
This is mining, not a sales company that can somehow rate on ten years of increasing revenue.
In fact there is decreasig value over time.
Trading about where it should be.
Just thinking out loud and waiting.