I'm a long term holder (since 2016). Not downramping, your post is pure misinformation.
You are using the EV/EBITDA as a PE multiplier. Thats wrong. What you are doing there is an abomination of a child by multiplying EBITDA to the EV/EBITDA to get a target markt cap.
Also, the capital cost of the plant in the DFS is in USD.
474mil, we get 280 for the northern tenents, we still need 200. We have as of the last quartal 50aud million in cash. Thus, we still have to get +150. Mt cattling generates around 60mil a year in free cash flow.
So I reckon we are going to need to ask for a loan of about +- us 100mil. Depending on how the payments of POSCO are going to happen, if they are a one time or spread in time.....In either case, i think its highly unlikely mt caittling is going to finance the construction of sal de vida alone.
