Takeover Target?, page-9

your definition of free cashflow is interesting.. surely you mean revenue?.. also 6x revenue multiple is conservative?

I'll delete this post if you can find me a producing miner at full production (stable) which gets a 6x revenue multiplier, heck I'll delete it if you can find me a 4x revenue multiplier.

Not meaning to be a downer but the fact is GMM share for the first year is 60kt of concentrate worth $36million revenue.

Costs of mining, refining and transports, couple with management and admin are yet to be seen but GMM may not even profit this year due to economies of scale required on this project.