Not quite.. "NAL" has a pre tax NPV of 2.2B.. although that doesn't even really make sense as Piedmont is only valued at 237M in the US and 70M on the ASX.
I guess until the review is complete and C&M is avoided, then the market will re attribute the value to both companies. I guess the cost of putting the plant on ice and then restarting and ramping back up is a factor in the valuation. Not saying that it's fair value whatsoever, just trying to put forth some reasoning as to such a low valuation.
I do agree with Split though that Moblan is effectively valued at $0 which is scary from a SP re rate point of view.. I guess if you value it at somewhere around $200-250M then you come out at a share price of 6c automatically which funnily enough is exactly canaccords price target. The real question is then.. Why is Moblan currently valued at $0
Spot Prices, page-672
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3.4¢ |
Change
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Mkt cap ! $349.9M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.5¢ | 3.4¢ | $72.43K | 2.127M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 51 | 8388685 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 8008762 | 46 |
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