No brainer at these prices!!
Lets assume the mine is in production today and it is producing 50 million Tonnes at the fee payable is $100 M
lets take the tax out and say there is $70 m inc tax.
The current mkt of LNC is $535 million
The $70 Million equates to a P/E of 7.3
BHP P/E is 8 times.
Why is LNC so cheap buddy?
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