Leading Perth-based online broking platform for mining projects, MinesOnline Pty Ltd has launched a new Market Metrics service to assist with project purchases.
MinesOnline’s Market Metrics service assists buyers seeking to acquire a mining or exploration project by helping them assess the value of the project and determine how the share market is likely to value the deal.
The Market Metrics service captures a large portfolio of Australian and international project sales across gold, copper, nickel sulphide and DSO iron ore over the past five years. Subscribers to the service can compare recent ASX and TSX reserve and resource trading multiples on a per ounce, pound or tonne basis for companies with exploration, development and operational projects. These multiples provide a very good reference point for transactions and for taking projects to the public market.
Liam Twigger, Managing Director of MinesOnline and its parent company PCF Capital Group explains that the service will assist buyers and sellers of assets to determine the market price of assets and provide better clarity on project values.
According to Mr Twigger, the addition of the Market Metrics service is a natural enhancement to the MinesOnline website, which has proven to be the leading online asset sales platform for the global mining industry. MinesOnline has completed over $100 million in transactions since its inception in 2010.
Perth-based investment banking and corporate advisory firm PCF Capital Group owns 50% equity in MinesOnline.