Mar. 23 at 7:59 PM
$MTMCF added 50% to my shares equivalent exposure today by adding
$MTLMY, combined position back up to 8% of my portfolio. Expect 2+ yr hold.
2027 estimates for Texas, 8000 tons PCBs at average grade 200g/t gold,
$100/g realized price, 160m revenue, 20% profit margin (30% when they can produce their own chlorine gas),
$32M (
$48M) ebitda. PT end of 2027 based on uplisting to NASDAQ, aggressive growth multiple of 15x ebitda,
$0.65-0.98, or 71-158% upside over 21 months. Assuming the technology works as claimed by the CEO. And that's for ONLY the Texas site and ONLY gold.
Estimate doesnt include revenue from the other valuable metals on circuit boards. Nor does it include early revenue from ops at planned PCB sites in New England and Virginia, which at full capacity triple the above revenue and profit. Nor include potential revenue from red mud deal with ElementUSA in Louisiana. Nor potential revenue from PM and rare earth miners. That's a lot of blue sky for 2028 and beyond. NFA, DYODD.