Added to YB: 2024-05-20
Pitch date: 2024-05-18
KEWL [bullish]
Keweenaw Land Association, Limited
Author Info
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Company Info
Keweenaw Land Association, Limited operates as a mineral land management company that focuses on mineral assets.
Market Cap
$34.8M
Pitch Price
$30.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
-86.19
P/E
135.62
EV/Sales
82.39
Sector
Metals and Mining
Category
special_situation
Keweenaw Land Association, Limited - $KEWL
KEWL: Owner of 439k mineral acres in MI's Upper Peninsula. History back to 1800s land grant. 2018 proxy fight revamped mgmt. 2021 sold 178k timberland acres for $100/sh dividend. Now minerals-focused. Close to breakeven on lease income + new streams. Upside if Highland Copper's Copperwood mine (30k tons/yr) comes online, as KEWL has 2-4% royalty on 80%. At 4% & $4 Cu, $7.7M royalty = 24% yield on $32M mkt cap. Risks: Copperwood timing uncertainty.
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