This is from RRL Ord Minnett East Coast Mining Conference Presentation 2022 slide 17. I wonder who those are with ???.
Interestingly, RMS and SBM are valued at very similar EV/EBITA multiples by the market ATM.
At a glance to SBM 31 Dec 2021 Ore Reserves and Mineral Resources Statements, it appears to me that SBM does have some good values to be unlocked, particularly at Gwalia Deeps (Disclosure: I do not hold SBM).
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