A bit of perspective on Morning Star valuations….So i just looked through all 13 of my battery metal shares just now, according to Morning Star all of them are undervalued, most of them are ‘ fair price’ valued at double the current SP.
NMT is actually ‘ the least undervalued’ of all of them. (1.3 x SP)
Not sure if that reflects the recent surge, or what they base their numbers on.
Looks a lot like “ think of a number and double it”
Or maybe they are saying the ENTIRE battery metals scene is massively undervalued.?
IMO ‘fair value’ is simple, it is whatever someone is willing to pay for something…. Which seems to be $1.72 at this time.
DYOR DILLIGAF GLTALTH’s
Hocus Pocus Zim- zalla-bim!
Ann: Battery Recycling - Binding Agreements with Stelco for NA, page-78
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