Would you mind reviewing my numbers to clarify where I'm being unreasonable? My average case for MLX sees an EBITDA/Share of ~$0.02, therefore buying at current prices means price-EBITDA of ~18 (way too high) - keep in mind that I even gave Renison an extra 1.25kt of Tin, which is highly generous considering their FY19 production guidance is 8kt:
At those prices, surely one would think an price-EBITDA of ~7 would be more fair, hence $0.15? Keep in mind Cu has only reached >$10k/t ONCE, and tin >$24k/t ~4 times in the last 16 years...
MLX Price at posting:
36.5¢ Sentiment: Sell Disclosure: Not Held
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