Professional
Added to YB: 2024-05-06
Pitch date: 2024-02-18
MON.V [bullish]
Montero Mining and Exploration Ltd.
+218.23%
current return
Author Info
No bio for this author
Company Info
Montero Mining and Exploration Ltd., together with its subsidiaries, engages in the identification, evaluation, acquisition, exploration, and development of mineral properties in Chile.
Market Cap
CAD 13.8M
Pitch Price
CAD 0.15
Price Target
1.25 (+201%)
Dividend
N/A
EV/EBITDA
-6.67
P/E
-5.70
EV/Sales
N/A
Sector
Metals and Mining
Category
special_situation
Montero Mining and Exploration Ltd. - $MON.V
MON.V: Litigation play seeking compensation from Tanzania for illegal mining license expropriation. Similar cases (IDA, WINS) suggest 32-100c on $ recovery (base case 50c). At 32c, stock prices in 31% net claim recovery to shareholders. 50c recovery = 64-73c/share, 80c = $1.1-1.25/share (4x upside). Binary outcome with precedent & Tanzanian hand weakening. Arbitration hearing soon. Quantum uncertain but IDA exceeded claim by 35%.
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