Added to YB: 2024-08-01
Pitch date: 2024-07-31
TIHRF [bullish]
Tharisa plc
+85%
current return
Author Info
Matrice Research Management is an investment firm managing a public equity portfolio focused on long-term asymmetric capital appreciation for its clients. Sign up for the newsletter.
Company Info
Tharisa plc, an investment holding company, engages in the mining, processing, sale, and logistics of platinum group metals (PGMs) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United Arab Emirates, and internationally.
Market Cap
ZAR 484.7M
Pitch Price
ZAR 1.00
Price Target
6.00 (+224%)
Dividend
1.83%
EV/EBITDA
2.45
P/E
6.29
EV/Sales
N/A
Sector
Metals and Mining
Category
value
PGMs (Platinum Group Metals) Memo - Tharisa plc
Tharisa (TIHRF): PGM/chrome co-producer, low-cost Tharisa Mine (4.6x P/E), developing high-cost Karo project. 40% family-owned. $198M cash, $112M debt. Bull case: 700% upside on $2500 PGM price. Risks: SA/Zimbabwe instability, mining challenges. Hedge with physical rhodium. Chrome ops provide downside protection.
Read full article (18 min)