The Morningstar Quantitative Rating (MQR) is comparable to Morningstar’s Analyst Ratings, which are the summary expression of Morningstar's forward-looking analysis of a fund. Morningstar calculates the Quantitative Rating using a statistical model derived from the Analyst Rating our analysts assign to open-end funds.
Morningstar's valuation of 81c takes us to a MC of about $30m (including options).
Given the current JORC and the excellent Copper drill results, a MC of $30m can be justified.
There is some science behind Morningstar's Quantitative value but I prefer a fundamental value over technical.
https://www.morningstar.com/help-center/faq/morningstar-quantitative-rating
What is the Morningstar Quantitative Rating (MQR) ?
