Your valuation didn’t place a value on the current operations at Renison.
The mine made EBITDA of $49m last quarter
The mine should garner a valuation of $500-600m+ on its own based on current profitability without adding the $300m of cash, listed assets, notes and Rentails project value you calculated
Significantly under valued IMO
MLX Price at posting:
47.5¢ Sentiment: Buy Disclosure: Held
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