Sweet 16 Update - Jan 8
Posted: Fri Jan 08, 2021 7:41 pm
The Sweet 16 is off to a great start in 2021, up 15.35% since the 12/31/2020 closing price, it is still trading at a discount of ~40% to my current valuation of the group. Eight of the companies (AR, CPE, CRK, ESTE, EQT, FANG, PDCE and TALO) are still trading below book-value, which is crazy for companies of this quality.
The S&P 500 Index gained 1.83% in the first week of trading.
I normally do a detailed Sweet 16 update on Saturday morning, but I still have to update six more forecast/valuation models (AR, DVN, ESTE, FANG, PDCE and PXD), so it will be Sunday afternoon this week. I will have a fresh podcast up on Saturday afternoon.
We had a good problem this morning as over 240 people registered for today's webinar. About ten minutes before the webinar was set to start we found out that our version of Zoom Pro was limited to 100 attendees. After the webinar Sabrina figured out how to increase the limit, but it was too late for today. Sorry if some of you could not listen to the live version, but the full replay is now available on our home page.
What I learned today is that NMGRF still has a lot of upside for us.
> The share price is up more than 800% since they hosted our July 29
> They plan to up-list to Nasdaq within a few months. That is a major milestone and will allow a lot of funds to buy the stock. There is HUGE demand for Green Energy companies.
> The net asset value of the company today, based only on the 3rd party conservative feasibility study of their first mine is over $3.00US/share. It closed today at $1.42US.
> That is just the valuation of the mine itself less the capex it will take to get the mine up to design capacity of 100,000 tons of graphite per year.
> Eric explained today that their plan to process the graphite to high rechargeable battery standard should more than triple the price per ton for the graphite.
> Watch the replay of the webinar.
I will post more on the Sweet 16 on Sunday afternoon.
Ten of the Sweet-16 forecast/valuation models have been update (2021 broken out by quarter and my full-year 2022 forecast) and posted to the EPG website.
I will more to report on Sunday
The S&P 500 Index gained 1.83% in the first week of trading.
I normally do a detailed Sweet 16 update on Saturday morning, but I still have to update six more forecast/valuation models (AR, DVN, ESTE, FANG, PDCE and PXD), so it will be Sunday afternoon this week. I will have a fresh podcast up on Saturday afternoon.
We had a good problem this morning as over 240 people registered for today's webinar. About ten minutes before the webinar was set to start we found out that our version of Zoom Pro was limited to 100 attendees. After the webinar Sabrina figured out how to increase the limit, but it was too late for today. Sorry if some of you could not listen to the live version, but the full replay is now available on our home page.
What I learned today is that NMGRF still has a lot of upside for us.
> The share price is up more than 800% since they hosted our July 29
> They plan to up-list to Nasdaq within a few months. That is a major milestone and will allow a lot of funds to buy the stock. There is HUGE demand for Green Energy companies.
> The net asset value of the company today, based only on the 3rd party conservative feasibility study of their first mine is over $3.00US/share. It closed today at $1.42US.
> That is just the valuation of the mine itself less the capex it will take to get the mine up to design capacity of 100,000 tons of graphite per year.
> Eric explained today that their plan to process the graphite to high rechargeable battery standard should more than triple the price per ton for the graphite.
> Watch the replay of the webinar.
I will post more on the Sweet 16 on Sunday afternoon.
Ten of the Sweet-16 forecast/valuation models have been update (2021 broken out by quarter and my full-year 2022 forecast) and posted to the EPG website.
I will more to report on Sunday