I do think we need to expand on the cycle s as well. we have other mining services companies starting that the boom cycle this time expands well into 2022.
we also have disruptive tech creating higher demand for certain minerals - copper, nickel, lithium. as earnings pick up and become more consistent with growth, we'll see a correction in the valuation metrics; essentially 5% yield on ev being applied to ebit.
if your EBIT forecast is 7M, but with an announcement of further revenue and earnings growth the year(s) after, I would say company mcap 100m SP: 74c
XRF Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
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