Bushveld Minerals Share Price (BMN)

Cheers Pdub, despite being basic and a bit vague it's very revealing. Obviously, P/E ratio is not the only factor in choosing investments but it will sure highlight us as undervalued.

One thing I noticed in pulling other company financials is how little profit they're left with (percentage wise compared to their overall earnings).

Bushveld is so low cost, with the growth potential and lack of debt this is a strong buy just for Vametco. The further value to be unlocked for other assets should add further weight later this year.

Nice work Ninvestor.

Interesting results.

Hello everyone.
I've been banging the FY results drum for a while, I think that and the AIM 100 are massive for getting new investors onboard. A proper P/E ratio is not yet allocated to Bushveld (IMO) and the FY results will be part of the springboard.

I decided to look at AIM 100 P/E ratios of companies similar to BMN in mcap terms. I've paid no attention to sector/debt/how long companies have existed etc..

Mcap information comes from stockchallenge and was correct at 11/01/19. PE ratios are from ADVFN. Bushveld price at the time was 40.5p. I picked the 5 companies either side of Bushveld in mcap size:

RST 43 JSG 18 IGR 27 CVSG 41 MIDW 32 ACSO 48 POLR 13 SCH 23 CAML 10 NFC 41

Average P/E just under 30, which I find 'very' interesting.

You are right Brad. These deliveries are making Bushy big money. 2019 will as time goes on bring potentially larger deliveries and higher revenue.
When we are at 1200 mtV per quarter and an average price of $110 per kilo. The income will propel our SP way above the £1 level. That is just Bushveld Vametco.
Fortune has told us BE will be worth 10 times the value of Vametco.
42p is very cheap for £10 notes. In just 3 years time.
Might just be the making of a few investors.
Exciting times lay ahead.
Cheers RK

Nice one endion, good luck in your new home.

GLA