Professional
Added to YB: 2024-10-30
Pitch date: 2024-10-29
AFM.V [bullish]
Alphamin Resources Corp.
+46.73%
current return
Author Info
Massif Capital invests in Basic Materials, Energy, and Industrial businesses, creating a unique portfolio that produces uncorrelated long-term capital appreciation. Follow on Twitter/X.
Company Info
Alphamin Resources Corp., together with its subsidiaries, engages in the production and sale of tin concentrate.
Market Cap
CAD 1.0B
Pitch Price
CAD 0.98
Price Target
3.00 (+108%)
Dividend
8.11%
EV/EBITDA
3.53
P/E
8.67
EV/Sales
1.77
Sector
Metals and Mining
Category
value
Massif Capital Portfolio Holding: Alphamin Resources Corp.
AFM.V: Highest-grade tin mine globally, 22% Q3 production increase, 71% sales jump, $91.5M EBITDA (+65-70% QoQ). 10% dividend yield, double-digit ROIC/margins. Trades at 2.2-2.5x 2024 sales, 4.2-4.5x EV/EBITDA. DRC location risk. Tin market critical. 150% upside to fair value.
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