Mongolian Mining Corp. (MOGLF)

[Bking]

New to this forum
Whats your view on MMC upside by end of this yr? The first half production number looks great, but unexpected increase in operating expense and SGA really eat up much of the profit, which could be an one-time thing.

If second half also delivered $70mn operating income, total 70mn+70mn = $140mn EBITDA implies TEV of $1.05 bn using 7.5x multiple.

Minus $600mn debt, divided by 10290 total shares will get $0.34 HKD/ share.

So the key is really the production, I think.