thanks!

haha. if u are right, we will be good. if i am right, we will be better. either way it works!

sorry, what is AISC?

james70: only 13M? 3Q21 results already $20+M when they only operated maybe 1 month cos July and Aug under MCO. I think 4Q21 will be closer to $80M, while 1Q22 will be $120M~$150M, no?

james70, not sure what electricity tariffs were like and will be like, but i will want to agree with your points, especially the RM10 one! :)

but this being more of a mining counter, the PE probably wouldn't be 10x; more like 5-7x. so RM6-7 wouldn't be too much of a stretch. of course, this is not including the development value of the butterworth land, but that's going to be realised over 10 years, 2-3 years from now, so can probably ignore first.

actually the 2020 annual report stated that the net profit will change by $13.5m if the price of tin change by $500/mt. Page 124. So ignoring the net profit in 2020 (cos its quite little), assuming it to be $0, the price then was $28k/mt. Now using $43k/mt (and futures price up to 15 months is $41k/mt), that should be $405m net profits for 2022. Good proxy is to see the profit number for 21Q4. FY22 should be more than 4x 21Q4. All the best everyone!