Added to YB: 2025-09-04
Pitch date: 2025-09-03
AFM.V [bullish]
Alphamin Resources Corp.
+66.93%
current return
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
Company Info
Alphamin Resources Corp., together with its subsidiaries, engages in the production and sale of tin concentrate.
Market Cap
CAD 1.0B
Pitch Price
CAD 0.89
Price Target
1.55 (+4%)
Dividend
8.11%
EV/EBITDA
3.53
P/E
8.67
EV/Sales
1.77
Sector
Metals and Mining
Category
value
AFM.V - Equity Research Report
AFM.V: Bisie tin mine (DRC) w/ ~4% head grades (4-5x peers), 20kt/yr output (~5% global supply). Q2'25: 4.1kt production, US$75M EBITDA, US$50M net cash. AISC normalizing to US$14.5-15.5k/t from US$16.5k/t. Trading 3.5x EV/EBITDA, 8.5x P/E w/ 8.4% yield. PT C$1.55 (4.25x normalized EBITDA), 45% upside. IRH ownership may tighten execution. Risks: single-asset DRC exposure, tin price volatility, security.
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