because the cashflow valuation for 50% of the ore is yet to be determined.
the offtake for the balance of ore is currently being finalised and due to be announced within the next month or so, which should value NAL alone well in excess of $2.2b.
market sentiment would then determine speculative valuation on top for Moblan current and expanded resource base as well as NAL's expanded resource base, which in my opinion should be around $300m - $500m.
because we are in such a tight QT environment, the WA assets wouldn't really be valued at much more than $100m combined.
also i HATE seeing comments like yours. i think people should not say a word about SP unless they know how to do DCF modelling, cos it's just uneducated rambling.
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