In the past few weeks there's been a lot of discussion focusing...

In the past few weeks there's been a lot of  discussion focusing on the current price of AVB.
I think it's value being totally misunderstood
From the classic mineral economics point of view the NPV of a project or its target share price the NPV/ shares on issue is petty tangible and at the current price roughly that being debated. Say the price of AN  worked out  by discounted cash flow. The thing that  isn't being valued is the ability of management to add value by generation options for future cash flow or asset value. the chart added (I hope it comes out) is  the optionality value usually ignored and what I'm paying/holding for. I don't think there can be much  debate on it's presence and I think intuitively both Phil and Kalen others see and are promoting.