more of the same, page-8

Huge, thanks for your comments. The first of the major broker reports has been annotated on fnarena:

http://www.fnarena.com/dsp_recommendations.cfm?searchsymbol=ozl

CIMB has an outperform with a $5.60 price target, but strangely, only puts a value of $150m on Carrapateena. That's half of what OZL paid. They then say that this emphasises the disconnect between assets and share price.

I don't understand what they mean with this- surely if they value Carrapateena at half its buy price, then there is less of a disconnect between asset value and share price, not more?