SDV valuation $

Building on @yanlin 's post yesterday
I did a simple valuation of SDV based on the EBITDA figure given in the updated DFS
Assuming 25% project equity sell down then with 13x EV/EBITDA , the TP per share for SDV alone is A$8.44

	Column 1	Column 2	Column 3
0	EV/EBITDA	13
1	EBITDA USD (m)	270
2	75% ownership	202.5
3	EBITDA AUD (m)	266.4474
4	Enterprise Value	3463.816
5	Target Market Cap	3543.816	adding back cash and deduct debt (none at this point)
6	TP per share	8.44

Just a bit of calculations using numbers given by no means an investment advice as usual
DYOR Cheers