So overweight in TER.... But... So want to buy more.... WHC...

So overweight in TER.... But... So want to buy more....

WHC valued at $5.4B MC with HY EBITDA of $460M = yearly ~900M EBITDA (valued 6X EBITDA)
New Hope valued $2.6B MC with HY EBIDTA of $211M = yearly ~$400M EBITDA (valued 6X EBITDA)
TER valued at $180M MC with Sept. Q est of $40M EBITDA = yearly ~$160M EBITDA (valued 1X EBITDA)

Now I know full well these are just estimates, and lots can change in mining world very quickly and that TER have a lot of debt in comparison... But it would seems that TER is undervalued compared to it's peers on an EBITDA basis... If debt is paid down, I simply cannot see any reason why we shouldn't be valued on a similar metric 12 months time from now...