For those worried about the valuation of GXY, I remind you of...

For those worried about the valuation of GXY, I remind you of this information from the last qtrly report (page 2):

2017 Realised selling price A$1,014/dmt
Production Cash Costs A$451/dmt
Annualised production rate (page 3) c. 209,000 dmt

Forecast EBITDA (MC operations only) = $117,667,000

Applying fair EBITDA multiple (x8) = valuation of MC operation of $941,336,000

Add in SDV and JB and compare it to the current market cap of GXY

Yep, the current price does not include any increase in realised selling prices, nor reduction in production cash costs per unit (following removal of the overburden last year) nor any upside above annual production forecast of 209k (or 17,400 tons per month).

The shorters will wake up..... eventually!!!