what do you guys think about Davenports broker opinion? Is it achievable? It is yet to reach any milestones.
“Our base-case NPV10 for the three main assets is US$427m (8%: $683m). Our sum- of-the-parts valuation gives a fair value of cA$0.16/share, based on conservative modelling (US$250/t MOP) inputs and a 0.25x NAV multiple to account for the current stage of development. This implies that Davenport is trading at 0.21x NAV, with an implied return of 4.8 x to the current share price. We see significant potential for value accretion as the Company meets development milestones.”
