"Left 20c on the table".
Little less than that at last close. And I mean it's impossible anyone could have made 25-30% elsewhere in the last 6 months right?
@Brando31 you're welcome to give me an estimate of KDR NPAT if you would like.[/QUOTE
EBITDA is $400 million plus change in the "normal" supply years according to my model, admittedly there is a heap of speculation on lithium prices, transport costs etc etc. I've built it over a 40 year period and plugged into a DCF model and get an intrinsic value of $2.78, which I feel is realistic in the medium term. I have no idea how much of this stuff they can get out of the ground in a hurry but it will take more than a second hand process plant to realise that value. I'm thinking $3 billion capex for proper fast development.
I'm happy to share my model.