I am not an accountant or even versed in buying a mining company. It's just some pplz. so I will have a crack. 8 times earnings is about right plus incidentals
Earnings $350m x8 = 2.8b however discount to 6yrs. Because 2yr build = 2.1b
50-50 share = 1b
Now you want to pay $600m not $1b ok. But that has only bought you 6yrs of 50-50 earnings.that doesnt mean plant equipment freehold and some things arnt for sale
What else you got? Converter?
Next!
*Not advice