That is of course, if that is all the EBITDA comes in at, as that was priced on $84 in the DFS, and currently we at $140.
Factor in FOMO, low sovereign risk given the jurisdiction being Australia, under supply due to slow move to market, increased demand, increased resource, block chain supply chain, and the idea, that competition takes a good part of a decade to come on board.
You can probably double your $3 prediction, to 3/4 of LYC share price? it’s a funny game the share market as you know from your shares. Valuations are random and not related to math or financials, but more often than not, they are related to sentiment.
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