I'll be buying tomorrow if this weakness sustains. I did a DCF...

I'll be buying tomorrow if this weakness sustains. I did a DCF model the other week and see value at $1.69. If an acquisition is made, this will increase the terminal value - market is hesitant given a cash balance doesn't do anything.

WACC	10%	0	1	2	3	4	5
Value DCF method using 10% WACC			FY2023/2024	FY 2024/2025	FY2025/2026	FY 2026/2027	FY 2027/2028
EBITDA/Operating Profit			$655.79	$673.64	$468.99	$423.44	$291.07
NPAT		$427.40	$491.84	$505.23	$351.74	$317.58	$218.31
Present Value NPAT		$427.40	$447.13	$417.55	$264.27	$216.91	$135.55
Exit Multiple Approach
PV of NPAT	$1,481.41
Terminal EBITDA (Operating Profit at 2027/2028	$291.07
Exit Multiple	6
Terminal Value in Year 5	$1,746.45
Implied Growth Rate	-2.22%	Negative is correct, as it is assumed profits decrease without another mine
PV of Terminal Value	$1,084.41
Enterprise Value	$2,565.82
Shares on issue	1367986850	10% margin of safety
PV per share	$1.88	$1.69

Happy to be criticized + give any additional info. Exit multiple is the only up in the air number at the moment (for terminal value analysis).
Funny enough when I calculated the WACC, it was 9% which actually gives a higher valuation.