Tungsten West Intrinsic Value Calculation – Tungsten West Appoints New CEO to Secure Funding for Devon’s ‘Pivotal’ Hemerdon Mine Restart in 2023.
March 25, 2023
Trending News ☀️
Tungsten West ($LSE:TUN) is pleased to announce the appointment of a new CEO, with the aim of securing the necessary funding to restart production of tin and tungsten at the Hemerdon mine near Plymouth. This ‘pivotal’ venture is listed on the Alternative Investment Market and is expected to bring considerable economic and employment benefits to Devon. The Hemerdon mine has been dormant for many years, but the new CEO is committed to ensuring that the new venture is a success and will deliver the predicted social and financial benefits. He brings extensive experience in the management of both public and private companies, as well as a commitment to growing the business in an environmentally sustainable way.
He is well-versed in working with investors and banks to secure the necessary capital, and his previous successes in similar ventures bode well for the restart of this ‘pivotal’ project. It is expected that the Hemerdon mine will bring hundreds of jobs to Devon, as well as a significant boost to the local economy.
Market Price
So far, the news has been met with mostly positive media coverage. The stock opened at £0.1 and closed at the same price on the same day. This indicates that investors remain confident in the direction of the company and its ability to deliver on its promise. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tungsten West. More…
| Total Revenues | Net Income | Net Margin |
| 0.68 | -13.13 | -1803.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tungsten West. More…
| Operations | Investing | Financing |
| -14.88 | -10.32 | 37.26 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tungsten West. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 48.38 | 12.3 | 0.2 |
Key Ratios Snapshot
Some of the financial key ratios for Tungsten West are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -1845.2% |
| FCF Margin | ROE | ROA |
| -3705.7% | -20.4% | -16.2% |
Analysis – Tungsten West Intrinsic Value Calculation
At GoodWhale, we have conducted an analysis of TUNGSTEN WEST‘s wellbeing. Our proprietary Valuation Line has calculated that the intrinsic value of the TUNGSTEN WEST share is around £0.4. In comparison, the current trading price of TUNGSTEN WEST stock is £0.1, representing a discount of 72.8%, which indicates that the share is substantially undervalued. More…
Peers
It competes in the market with other notable names such as Mercator Minerals Ltd, Polaris International Holdings Inc, and Kenmare Resources PLC. All of these companies specialize in the production of minerals used in various industries such as industrial manufacturing and construction.
– Mercator Minerals Ltd ($OTCPK:MLKKF)
Mercator Minerals Ltd is a Canadian-based mining company with a market cap of 31.57k as of 2023. The company is focused on exploration, development and production of copper and molybdenum projects in the Americas. Mercator Minerals Ltd’s return on equity (ROE) for the same year was -294.99%, indicating that the company is not efficiently utilizing its shareholders’ equity to generate profits. This should be of concern to potential investors, as it suggests that the company is not making effective use of its resources.
– Polaris International Holdings Inc ($OTCPK:PIHN)
Kenmare Resources PLC is a mining company that produces and markets titanium minerals, primarily ilmenite and zircon, and high purity pig iron. It owns and operates the Moma Mine in Mozambique, which is one of the world’s largest titanium minerals deposits. As of 2023, Kenmare Resources PLC has a market capitalization of 454.68M, which is indicative of the company’s strong financial performance. Moreover, it has an impressive Return on Equity of 10.87%, which demonstrates the company’s efficiency in generating profits from its shareholders’ equity investments.
Summary
Tungsten West has recently appointed a new CEO in order to secure funding for the restart of Devon’s Hemerdon Mine in 2023. The news has been widely welcomed by the market, with investors seeing the appointment of an experienced executive as a positive step towards realizing the mine’s potential. Investors should keep an eye on progress made by Tungsten West with regards to securing the necessary funding.
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