Stock data
| Market cap. | £17.8m |
| Last close | 5.05p |
| High / Low (52 weeks) | 16.1p / 5.0p |
| Stock market listing | AIM |
| Forecast net cash (US$m) | 3.5 |
| Forecast gearing ratio (%) | N/A |
| Team | Resources - Mining |
| Sector | Mining |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (18.55) | (40.59) | (64.25) |
| Relative * | (14.55) | (35.71) | (60.71) |
* % Relative to local index
Other companies covered in sector
| Y/E Dec | Revenue (US$m) | EBITDA (US$m) | PBT (US$m) | EPS (c) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2009A | 0.0 | (1.4) | (1.6) | (1.1) | N/A | N/A |
| 2010A | 0.0 | (1.9) | (1.9) | (1.0) | N/A | N/A |
| 2011E | 0.0 | (2.4) | (2.3) | (0.9) | N/A | N/A |
| 2012E | 0.0 | (2.4) | (2.3) | (0.7) | N/A | N/A |
Last updated on 17/04/2012
Latest research
Improving lab results
Update | Mining | 17/05/2012
District scale nickel?
Outlook | Mining | 03/02/2012
£2.5m placing
Flash note | Mining | 25/03/2011
C'est l'Amur
Outlook | Mining | 10/01/2011
Investment summary
Positive metallurgical results from Amur’s work on the Kun-Manie project indicate very favourable increases in potential life of mine concentrate grades (increasing project value), reduced tonnages (lowering cash costs) and more representative data of likely operating parameters than the 2007 SRK pre feasibility study (upon which we principally based our previous valuations). Although our base case estimate of Kun-Manie’s value remains at US$394m or £0.71 per share, updated metallurgical and operating parameters could potentially (if they are proved to be indicative of Kun Manie as a whole and representative for the life of mine) lift our estimate as high as US$731m or £1.32 per share (based on a nickel price of US$20,000/t).
Last updated on 17/05/2012
Industry outlook
Nickel currently trades on the LME at around US$18,100/t.
Last updated on 23/04/2012
Key management
| Robert Schafer, Chairman |
| Robin J Young, CEO |
Company address
| 14 Gaidar Street Office 9 Khabarovsk 680063 Russian Federation View website |
