MRF 3.17% 6.1¢ mrl corporation ltd

Unawares, don't follow them but what is the projected revenue...

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  1. 13,066 Posts.
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    Unawares, don't follow them but what is the projected revenue (and npat, if any) of LOM for 2016? What about 2017? mc of of $115M for a company that's just hit +tve ocf seems odd. Is there any guarantee how many valuable stones they will recover in the year ahead? Cheers.

    MRF.
    mc ~$11M.
    Seems about right to me atm for the level of uncertainty with regards future cash flows. Once they sign their first commercial offtake/agreement that generates meaningful $ I imagine we could see a new base built around a $20-30M mc or 10-15c/sh. Then it would just be a matter of selling more and more product and raising sufficient capital (at higher levels) to drive the sp into the 20s and attract the attention of small resource funds.
 
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