It's actually a big win.... under the circumstances we should be seen as being valued as being at least half of PLS's MC.
...half of PLS $300mill
KDRs MC is currently sitting at ~$210mill. Meaning that we are at least 40% undervalued at the moment.
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- Ann: Kidman and SQM to form Mt Holland JV
Ann: Kidman and SQM to form Mt Holland JV, page-205
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