very crudely:100ktpa Talnode-C * 8000$/t profit = $800M FCFSay a...

very crudely:

100ktpa Talnode-C * 8000$/t profit = $800M FCF

Say a multiple for PE of 20 gives a company value of $16B

divided by 400M shares (assuming 100m shares additional dilusion) makes about $40 per share. Or about 60AUD.

discount back to today with 5% per year for 5 years would be around $30 or 45AUD today's value.

if you include risk, I would say about half that.

but we are at $1 per share, which you can only interpret as that the market sees the risk of failure for Talga to be above 90%. And Beach + friends try to convince us that this is a correct assessment by the market. I'm not buying it. Talga is massively undervalued.