you keep on going on about ‘we’re just selling clay’, which is just intellectually bankrupt. I’m not going to bother recounting all of the reason that’s lazy, it’s all well documented, and I suspect it wouldn’t change anything.
I’d love to see your calculations for 5c being fair value. That’d be a $150M MC against a base case $613M NPV (less than 25%) and $88M annual EBITDA (less than 2x). IMO fair value on DFS numbers alone, before HRM off-takes, starts at $400M MC or a base value of 13c.
General comments/chat, page-32813
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Mkt cap ! $49.76M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 2.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 500000 | 1 |
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