Ann: Extension Of On Market Share Buy Back, page-28

Thanks Bri,

You've asked the million dollar question. It's a conundrum considering a battery tech / metallurgy can expect a much higher PE ratio than a mining company. So it depends if NMT does end up splitting its mining and tech assests.

I personally dont have a PE ratio target although to answer your question no one should disagree that mt marion share should be (according to market minimum for established mines) at least 8-10 PE and once battery tech / downstream processing I would guess a minimum of 15-20 PE. (I personally value NMT an absolute minimum of 200mil - 220mil MC currently)