Professional
Added to YB: 2024-11-15
Pitch date: 2024-11-06
SRB.L [bullish]
Serabi Gold plc
+231.4%
current return
Author Info
Fairlight Capital is a value-focused alternative investment manager. Sign up for the newsletter.
Company Info
Serabi Gold plc engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.
Market Cap
GBP 233.8M
Pitch Price
GBP 0.86
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.23
P/E
6.23
EV/Sales
1.83
Sector
Metals and Mining
Category
value
Fairlight Alpha Fund Portfolio Holding: Serabi Gold plc
SRB.L: UK/Brazil junior gold miner targeting 60k oz/yr from 30k. Q2 earnings $5.6M, Q3 cash $20M. Coringa license could add $400M value. Trading at 3.5x/2.3x 2025E. Half market cap in cash expected in 1yr. Undervalued even if gold price drops. Growth potential via production expansion.
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