Hi Mal, oh dear, a NPV is simply a mathematical calculation of the current value of the expected future cash flows. It does not take into account the risk that those cash flows will not eventuate as hoped nor how many shares will be on issue. Did you find the time to re-read pg2.
Good luck on getting our money back because your inferred valuation doesn’t equal the IE report.
News: ESS Tianqi Lithium Terminates Plan Of Acquiring Essential Metals, page-206
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