GXY
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0.00% $5.28 galaxy resources limited

I am not an accountant or even versed in buying a mining...

  1. moriwaki
    2,570 Posts.
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    31/12/18
    23:29
    Post #: 36994277

    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

    GXY Price at posting: $2.17 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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