I think the conservative value for Alpha would be circa $500M on the assumption that EBITDA would be $60M, which represents an EV/EBITDA ratio of around 8 (anything under 10 is considered good value). This puts us at $1.30 per share minus a little dilution. Georgina could be worth multiple times Alpha if they hit some decent grades at depth. Exciting times ahead.
I think the conservative value for Alpha would be circa $500M on...
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