Sibanye Stillwater - Forward P/E 4x, P/FCF 3.5x скачать в хорошем качестве

Sibanye Stillwater - Forward P/E 4x, P/FCF 3.5x

Interactive Brokers: My Main Brokerage Platform CLICK HERE - https://www.interactivebrokers.com/mk... Undervalued - My monthly Commentary and up to date watchlist information. Check out the February edition for free https://undervalued.ghost.io/#/portal... Inaugural Money Managers Game 2022 Join the Discord Group for instructions -   / discord   TIKR: Financial Data on All Companies plus Super investor portfolios plus an International screener. http://www.tikr.com/andrew HAMISH HODDER’S AMAZING COURSE 70+ Hours of Stock Reports Private Investor Community with Hamish Judgement Day BONUS Module Use discount code ‘BROWN’ at checkout for 30% OFF More Information - https://www.hamishhodder.com/a/214749... Andrew Brown’s Intrinsic Value Calculator https://mailchi.mp/02b28ffff5ef/intri... My other trading platform that I use. Reliable and regulated trading platform. SAXO BANK LINK: https://www.home.saxo/en-mena/account... Twitter: @abrowninvesting Sibanye Stillwater is a Major miner. They have diversified operations throughout multiple countries. They also have diversified resources that they mine. This is a big difference to Gran Colombia which was pretty much 100% Gold. Platinum’s main use is for what is called an autocatalyst. Sibanye Stillwater is about $13.5 billion in market cap, so it already is pretty big. I’ll have to see whether it has potential to be a lot bigger or not. But unlikely to be a 100 bagger, as the market cap is already big. There are a lot of things spawning off from Sibanye Stillwater. They have invested in a battery research company, more reserves in precious metals and an investment in Finland in a battery metals mine. They are looking to gain exposure to Nickel, Lithium and Cobalt. A lot of what this company does is provide metals for green power. It is strange to think a mining company can be good for the environment. A project Sibanye is developing in 2021 with first production aimed at 2022 is the K4 project. This reserve is massive. It looks likely that it will have a Life of Mine of 50 years. The idea is that production will ramp up to 250,000 ounces of Platinum Group Metals. Platinum group metals are Platinum, Palladium, Rhodium and Gold. Now let’s discuss the dividend. So the company has a policy to pay between 25 - 35% of its earnings as a dividend. Now we only have information on 5 months of the year, but it is shaping up to be about a 13% annualised dividend. This number will not be consistent as earnings will fluctuate with the spot rates, but a good dividend is almost guaranteed this year. But this dividend is pretty much offset by the company diluting shareholders at about 10% per year. So it kind of cancels each other out. Just don’t get excited by the dividend. Thesis: Sibanye Stillwater is producing 3.5 Million ounces of Platinum group metals per year, therefore I should achieve a return on my investment in a couple of years at current prices. Somewhere between 2-5 years. Sibanye has exceptionally big reserves that look to last at least 25 years. Therefore getting my money back is highly likely. I’ll get it eventually even if the prices are not good. I’m looking to get multiple expansion as the company continues to make money. Then there is upside potential with the company increasing output, expanding into battery metals and maybe, if we are lucky, spot prices of the metals rise significantly as well. Downside Risks I believe the potential of this investment going to 0 is low. They have diversified assets plus strong cash flows. Metal prices would have to fall apart and stay broken for a long time. This is possible. The South African government could cause issues for the company. Company dilutes shareholders at an even faster rate than previously. If I was to invest, I could keep an eye on the progress of these areas. Finland mine schedule, K4 project schedule, Overall production levels, Metal prices, Share dilution, The dividend AISC (all in sustaining costs) each 6 month period.