Mongolian Mining Corp. (MOGLF)

[Ponch73]

Sorry, what is TAM/SAM/SOM?

On a separate note ...

FYI -- from MMC's May 11th news release:

The Company intends to further increase its mine production output and aims to reach over 9.0 million tonnes in 2017 compared to 3.0 million tonnes mined in 2016.

Dividing 9.0 million tonnes by 2 means that the company essentially reiterated 2017 annual production guidance 10 days ago (11 days after April 2017 was in the books).

Also reads like MMC achieved some modest diesel fuel savings (although I could be mistaken on this).

I'm not particularly great at calling stock price bottoms, but this certainly feels like we're close to one.

MMC's enterprise value is comparable to when the stock was trading for .03-.04 HKD in early 2016 (when the debt balance was higher). And I'm treating perpetual debt as debt, and not equity, since it's interest bearing.

$260M mkt cap + $620M debt - $12M cash. Similar enterprise value as in April 2014 (prior low, I believe).

Only difference now is that the company actually generated positive unlevered free cash flow on a TTM basis. First time ever.