Hartley's give a value of 29cps or "spot 46cps". What is a "spot" value in the context of share price??
Hartley's say essentially that the valuation is held down by short mine life and low market spod price. Well, they are the two things I'm happy to bet will change: the first because Mr Spod (MC) knows where the spod is and has been able to persuade major investors of that; the second because the forward demand curve is more than on track as forecast by BNEF and others.
A40 Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
