So in that case we would look at a price-to-sales ratio, which provides a valuation based on company revenue.
OZL's P:S ratio is 4.5, which, by using @frader's rev of $150Mil/a, gives us a projected MC of $675Mil.
Though in this case, I would be more comfortable using a ratio of 2, which would put the MC at $300Mil, or 60c p.s.
That to me is a pretty reasonable target, if we keep surpassing production targets and the price of copper stays stable, we could see that reached at or around the next quarterly.
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So in that case we would look at a price-to-sales ratio, which...
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