This valuation methodology is a joke. Firstly the premium on the...

This valuation methodology is a joke. Firstly the premium on the closing price before the takeover is utterly irrelevant. Secondly using EV is a scam. It does not account for capital costs, equity dilution, time of value of money and execution risks to dig the stuff up. These guys are grasping at straws.

Note: There are no revenue or profit projections, pe multiples to be used. Nothing.

The market does not believe the hype.