Agreed , this one too. Also in reference to the last sentence ,...

Agreed , this one too. Also in reference to the last sentence , any idea what a company usually trades ie at what multiple of ebitda for a producer

Coburn has scale about it, with a mine life of more than 20 years and annual output accounting for about 5 per cent of global zircon demand and 10 per cent of demand for chloride ilmenite for the pigment market.“So will Iluka sit back and let it enter the market as an independent producer?”In a report published shortly after news of the debt deal broke, Foster Stockbroking set a 56c price target, saying it believes construction at Coburn is on track to start in the middle of this year.Shaw and Partners set a 52c price target, noting that completion of the debt paves the way for a final investment decision at Coburn.“Coburn is a world-class project,” Shaws said in their report. “Coburn will supply about 5% of world zircon and 10% of world chloride ilmenite demand.“At current mineral sands prices, Strandline is trading at just 1.2x EBITDA once Coburn is in production.