Which means $500m in the bank.
$1.2M market cap
Values the rest of Galaxy{inc LPD stake] at $700m
So we have an asset worth $700m returning $160m profit a year!
We are trading at 5x PE.
Hopefully, this will change by the end of the year.
Looking forward to Thursday and maybe an ANN about SDV offtake agreement and other news??
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- Ann: Galaxy and POSCO Sign Binding Agreement for US$280 million
Ann: Galaxy and POSCO Sign Binding Agreement for US$280 million, page-67
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