i have down some quick calculations and have arrived at a share price of at least 15c (assuming that Monto commences production this year).
ie EPS=3.5c (based on $AU24 million revenue per annum with shares fully diluted)
and a P/E of 5
This is what I have based my decision to buy shares in MOO. The only risk for MOO is not securing the finance to begin production. Otherwise, everything else is ready to go...ie, feasability study, mining license, offtake agreement, production plan etc.
Hence, assuming the AIM listing is successful next month, the share price could increase 4 fold in no time.
Worth a punt if you have the nerve to risk some money.
MOO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
