Ann: Grosvenor Project Update, page-3

I agree on the drifting lower share price through lack of contract wins or investor / strategic shareholder interests / Takeover etc.

MYE valuations is trading at insanely low multiples. The integra mine closure was on the cards for a long time.

Take out the net cash of $21m, your left with EV of $40m for MYE with a recurring EBITDA of between $25m-$30m. I don’t see many businesses out there returning 3/4 of their valuation back in a single year…

Longer term normalization of employee costs is what we should expect as there will be more supply and less inflationary pressure which has in recent times significantly eroded EBITDA margins.