MINMET PLC FTSE MNT

Hypocrite
You have made this post in a few places but not the zinc thread (epic Zinc)
I hope the Minmt followers will excuse a few observations here.

Arcon market cap is 63mE at 0.04E
It is not difficult to calculate current/tonne ore costs given the information in the last interim and the consequent effect of new reserve grade and increased tonnage.

Given the history of profitability and the current price of zinc, I ask - is a market cap of 4 times (my own calculation from the above - but dyo) of potential earnings cheap given that this new reserve apparently lasts (an extra) 5 years?

As a play on the zinc price the story may read differently but I don't see too many green shoots at 34c/lb and 650k inventory.

R