$100m was just a reference point I made rather than it being meaningful.
If the Nifty reset plan is achieved, EBITDA will be well north of $50m a year based on the suggested throughput rate to be achieved during FY21 based on the current copper price (my estimates). So you are looking at a very conservative EV/EBITDA multiple.
And we are still not factoring any value for Rentails or nickel.
At 17c, I think my average has a decent margin of safety.
Hopefully, I'm throwing the knife from here.
Ann: Resignation of Director and Board Refresh, page-20
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Last
44.5¢ |
Change
0.015(3.49%) |
Mkt cap ! $403.2M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 45.5¢ | 44.0¢ | $2.095M | 4.679M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22727 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 162042 | 3 |
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| MLX (ASX) Chart |