Value Microcaps Junior Energy

[farwest]

MMT.V More news indeed. But even with the Shell deal, improved balance sheet, it's U9 results/reserves that everyone should be focused on. That's what drives value - the rest is short term noise (although I sure like the noise MMT has been making in recent months).

Verbonac/Union Securities bumped target to $1.20 based on extremely low cf projections of only $0.57 share in 2012. MMT will generate around ~$0.47 this year alone. 2012 should see significant bump - at least 50% rise above 2011 is my low end expectation, or $0.70. Using Verbonac's uber low 2.1x multiple for the so-called peer group (none of whom came close to the growth that MMT is seeing), that's a $1.50 target. By rights, MMT deserves to see a "premium" 3x multiple (which is a joke as in normal years, 6x multiple is typical). I'm looking for a $2 target. Verbonac will raise his target as even nimrods will eventually see the wall of cash that's hitting the bottom line.