$CNMC Goldmine(5TP.SI)$ 0.65 T-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$CNMC Goldmine(5TP.SI)$ 0.65 Target Price

CNMC Goldmine is principally engaged in the exploration and mining of gold and the processing of mined ores into gold ores at its flagship Kelantan-based Sokor project, and is projected to grow its gold production at 7% CAGR, from 31,206 ounces in FY2024 to 38,738 ounces by FY2025.

Additionally, the group has announced its proposed acquisition of a 51% stake in another Kelantan-based gold miner, Pulai Mining. Given their previous success in Sokor and similarities between the two in mineralisation and geological features, it's optimistic of a shorter time to production at the new project, of three years or under. While it have not assumed contributions from Pulai in our forecasts, the potential monetisation of in-ground resources at Pulai ahead could propel upsurge earnings outlook for the company.

Beyond Pulai, backed by net cash of US $33.4m, it is believe that CNMC could still be on the lookout for acquisitions to further accelerate growth opportunities for the group.

Given the uprising nature of gold prices and its potential impact on near-term earnings, the Target Price i.e. TP of S$0.65 is based on a blend of DCF (1ACC of 10.7% and terminal growth of 1%), and peer average of 14x FY17F PE, which will better reflects CNMC's superior cash generation and steadily growing gold production at Sokor.

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Given their previous success in Sokor and similarities between the two in mineralisation and geological features, it's optimistic of a shorter time to production at the new project, of three years or under. 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Given their previous success in Sokor and similarities between the two in mineralisation and geological features, it's optimistic of a shorter time to production at the new project, of three years or under. While it have not assumed contributions from Pulai in our forecasts, the potential monetisation of in-ground resources at Pulai ahead could propel upsurge&nbsp;earnings outlook for the company.</p>\n<p>Beyond Pulai, backed by net cash of US $33.4m, it is believe that CNMC could still be on the lookout for acquisitions to further accelerate growth opportunities for the group.</p>\n<p>Given the uprising nature of gold prices and its potential impact on near-term earnings, the Target Price i.e. TP of S$0.65 is based on a blend of DCF (1ACC of 10.7% and terminal growth of 1%), and peer average of 14x FY17F PE, which will better reflects CNMC's superior cash generation and steadily growing gold production at Sokor.</p></body></html>","text":"$CNMC Goldmine(5TP.SI)$ 0.65 Target Price CNMC Goldmine is principally engaged in the exploration and mining of gold and the processing of mined ores into gold ores at its flagship Kelantan-based Sokor project, and is projected to grow its gold production at 7% CAGR, from 31,206 ounces in FY2024 to 38,738 ounces by FY2025. Additionally, the group has announced its proposed acquisition of a 51% stake in another Kelantan-based gold miner, Pulai Mining. Given their previous success in Sokor and similarities between the two in mineralisation and geological features, it's optimistic of a shorter time to production at the new project, of three years or under. While it have not assumed contributions from Pulai in our forecasts, the potential monetisation of in-ground resources at Pulai ahead could propel upsurge earnings outlook for the company. Beyond Pulai, backed by net cash of US $33.4m, it is believe that CNMC could still be on the lookout for acquisitions to further accelerate growth opportunities for the group. 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