Sure ... that's one way of calculating an "intrinsic value". Here's another
Nobian paid ~EUR160M to purchase 50% of CLP (SPV2). That values CLP at ~EUR320M per the DFS.
The DFS splits the project into 2 pieces SPV1 and SPV2. The split is ~78% of Project NPV is in SPV1 and 22% in SPV2 as shown.
This means that Nobian has paid EUR160M for 11% ownership .... that would say the project has an easily calculatable "intrinisic value" of 160/0.11 = ~EUR1,454M
Vulcan then owns 89% of the project ... instinsic value is ~EUR1,294M ... or about AUD$2,181M ... or ~AUD$13.03
Many ways to peel an onion.
Sure ... that's one way of calculating an "intrinsic value"....
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$4.21 |
Change
0.160(3.95%) |
Mkt cap ! $977.5M | |||
| Open | High | Low | Value | Volume |
| $4.37 | $4.57 | $4.16 | $8.961M | 2.060M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 11680 | $4.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.21 | 6844 | 9 |
View Market Depth
| Last trade - 15.42pm 23/07/2025 (20 minute delay) ? |
| VUL (ASX) Chart |