Chart, page-13787

"5M EBITDA from the only producing asset and the business has market cap of 483M, seemingly absurd valuation imo"


I forgot, it does seem that you indeed do have the same short-sighted valuation methodology as old mate above and the likes of asb and co.
Does that come from filling in the fields in the typical analyst's "company valuation tool", where everyone is trying to make a buck this week and blinded to what is unfolding for the future?

Tell me this -
let's say a company makes $100m one half, $0 the next half, then $100m the next...
Are they "worth" a billion dollars, then zero, then a billion again? All in the space of 18 months?

No, that would be "absurd" wouldn't it?