just returned...
further to my previous comments and in line with McGill's, there is no market equivalent to NSL to make a comparable Earnings Value due to:
the reduced shipping costs from India
reduced mining and processing
i would really like a broker report on NSL outlining the extent that these factors are reduced
my guess is that they are significant and may give rise to NSL being valued at a comparable hematite company in oz
therefore, at an EV of 4.5
4.5/.35 (see previous post) x 20c = 2.50 (post consolidation)
so with such a large discrepancy, i'd welcome any furthyer info
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just returned...further to my previous comments and in line with...
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