Novac no one in their right mind uses PE multiples to value a mining company - yet so many here on HC keep trying to do so.
The beauty of mining companies is that projects are typically of a finite duration - you know how much it will cost to generate cashflow, you can forecast the annual cashflow for, in this case 15 years, deduct PV of rehabilitation costs and start-up capital and you end up with PV of the project and by definition the Company.
Novac no one in their right mind uses PE multiples to value a...
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $30.54M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $256.0K | 30.74M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 3838650 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 19313726 | 12 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| ADN (ASX) Chart |