chinesewhispers, I'm not much help to you with the 'why'. despite a few teething problems the domestic operation looks to be running per plan. maybe still just broader junior market still trying to finding it's feet?
but a question for you...would you mind posting some of the detail form the patto's note;
- basic make up of valuation (dcf and exploration)
- value of phase2 (plus any arbitrary risk weighting/discount)
- forecast Brazilian domestic fe price
thanks
chinesewhispers, I'm not much help to you with the 'why'....
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