This article runs a discounted cash flow (DCF) analysis of Montage Gold after the stock's very strong share price run over the past three years. Free cash flow over the latest twelve months was a loss of $490.094 million, so the valuation depends on the company moving into sizeable positive cash generation later in the decade. The DCF output sits well above the CA$16.44 share price, though the article suggests the market may already be pricing in ambitious production. CEO Martino De Ciccio's comments on ramping up the Koné project and adding sites in Côte d'Ivoire and Mauritania are cited as context for those expectations. The article also points to an 11.2x price-to-book ratio as offering a different valuation view.
Summary written by Upside AI from the original article. Read the source for full details.
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