Professional
Added to YB: 2024-10-30
Pitch date: 2024-10-29
AFM.V [bullish]
Alphamin Resources Corp.
+7.53%
current return
Author Info
Massif Capital invests in Basic Materials, Energy, and Industrial businesses, creating a unique portfolio that produces uncorrelated long-term capital appreciation. Follow on Twitter/X.
Company Info
Alphamin Resources Corp., together with its subsidiaries, produces and sells tin concentrates. Its principal project is the Bisie tin mine located in the Democratic Republic of Congo.
Market Cap
CAD 995.8M
Pitch Price
CAD 1.08
Price Target
3.00 (+159%)
Dividend
7.41%
EV/EBITDA
3.15
P/E
6.78
EV/Sales
1.69
Sector
Metals and Mining
Category
value
Massif Capital Portfolio Holding: Alphamin Resources Corp.
AFM.V: Highest-grade tin mine globally, 22% Q3 production increase, 71% sales jump, $91.5M EBITDA (+65-70% QoQ). 10% dividend yield, double-digit ROIC/margins. Trades at 2.2-2.5x 2024 sales, 4.2-4.5x EV/EBITDA. DRC location risk. Tin market critical. 150% upside to fair value.
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