@Reiner001 to work out a market cap estimate sometimes I will use around 10% as the annual earnings.
On this occasion I used 12.5%
If you multiply the expected annual tonnage rate of spodumene for both MC and JB (400,000tpa) by the spodumene price of $600 you will come to $240 million.
Divide that by 12.5 then multiply that by 100. That gives you the market cap estimate in USD based on a 12.5% annual rate of return.
Then convert it to AUD
How did you go?
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