An efficient market would value the company at the sum of all future discounted cash flows plus terminal value. Discount rate probably needs to be low double digits, and terminal value would be negative.
You are claiming MLX is currently valued by the market with a zero discount rate and a zero rehabilitation liability.
1. You must have some pretty draconian assumptions for life of mine and/or tin price to get that. I personally have EBITDA/EV < 1 and am bullish tin. 2. You are saying MLX is significantly overvalued by the market. Again I have to ask, if you think it is so overvalued, why do you hold?
MLX Price at posting:
40.8¢ Sentiment: Buy Disclosure: Held
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