He is clearly factoring in a supposed rally to some arbitrary P/B or P/E ratio in the next 4 months to Nov.
MND Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
KAI Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales