MHC is a dark horse, page-108

Hey Malay, I'm another one that disagrees with a current share price fair value of 8c. If you do the sums that means they think current fair value equates to market cap of around $106M. I'm a big supporter and long term holder of MHC and see plenty of upside, but that sort of valuation with where MHC is currently at with their exploration projects is laughable in my books!! If Morning Star have any logic as to how they get that valuation please share it, but I'm guessing as others have mentioned that it's just computer generated without any fundamental calculations.