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MINTAILS LIMITED (MLI)

MINTAILS LIMITED (MLI)

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General Information
Company Name: Mintails Limited
Stock Code: MLI
Website: www.mintails.com
GICS Sub-Industry: Gold
Market Cap ($M): 12
Equiv. Shares (M): 153

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.080 $ 0.000 $ 0.000 $ 0.000 $ 0.080 0 0%

Company Overview

Business Description:
Mintails Limited (MLI) is an Australian company with management and operations in South Africa. MLI processes and recovers gold and proposes to recover uranium from surface tailings resources which are present on the West and Central Rand of South Africa’s Witwatersrand Basin.

Strategy Analysis:
MLI aims to maximise shareholder value via processing tailings accumulated from mining activities outside Johannesburg, prospective for gold and uranium. MLI has pursued a strategy of increasing and upgrading JORC resources and is focused on commencing gold production which will be followed by uranium and sulphuric acid production depending upon the successful outcome of feasibility studies. As of June 2008, MLI controlled directly or via joint venture over 2 billion tonnes of tailings materials containing gold, uranium and sulphur on the West Rand and East Rand regions of the Witwatersrand Basin. MLI are also undertaking a program of plant construction and refurbishment which will enable the company to emerge as a gold producer over 2008/09.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2011  A -28.4 -25.2 -- 0.0 0.0 0.0 --
2010  A -73.1 -74.9 -- 0.0 0.0 0.0 --
2009  A -102.9 -147.2 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F
Mintails (MLI) $12 M -- -- -- -- -- -- 0.0000 -- --
Newcrest Mining (NCM) $19,048 M -0.0667 0.0087 0.2610 16.9330 16.7869 13.3119 0.0201 0.0141 0.0158
Oz Minerals (OZL) $2,510 M -0.3975 -0.3391 0.1668 7.4560 11.2823 9.6694 0.0738 0.0462 0.0492
Regis Resources (RRL) $1,745 M -- 0.7927 2.3481 45.1991 25.2123 7.5302 0.0000 0.0000 0.0298
Sundance Resources (SDL) $1,217 M -- -- -- -- -- -- 0.0000 0.0000 0.0000

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
MLI 3.00 -- 0.14 -- 0.29
Market 1.12 11.1 0.96 2.31 2.55
Sector 0.41 9.48 1.05 1.04 14.3

Directors
Name Position Start Date
Mr Mark Brune Executive Chairman 18 March 2010
Dr Howard William Carr Non-Executive Director 15 June 2011
Mr Murray Rose Non-Executive Director 15 June 2011
Mr Laurence Blumberg Non-Executive Director 15 June 2011

Management
Name Position
A Meyer CFO
Kim Freeman Chief Executive Officer
Phillip Hains Company Secretary
Terri Bakos Company Secretary
J Schoeman COO
J Jacobs General Manager - Operations
I Harris Interim co- CFO
J Mungoshi Interim co COO

Substantial Shareholders
Holding Name
56,685,664 (46.66%) Rex Harbour and associates
20,986,334 (17.28%) Stella Group

Calendar of Events
Date Event
29 April 2013 Report (Quarterly)
13 March 2013 Report (Interim)
28 January 2013 Report (Quarterly)
26 October 2012 Report (Quarterly)
28 September 2012 Report (Annual)
27 July 2012 Report (Quarterly)
28 May 2012 Issued Shares
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