WHC 0.00% $7.70 whitehaven coal limited

This article from Metallica The above extract from a piece...

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    This article from Metallica
    https://hotcopper.com.au/data/attachments/6084/6084268-f295b9a9a47bda3bc2bbebcb63a20143.jpgThe above extract from a piece written by Metallic that someone kindly posted summarise well on how a project should be evaluated, rather than simple maths of 20% on the price WHC paid for BlackWater as the price to on sell to another party.
    I am sure management will be pressing this point during the negotiation process.
    I am on the side of WHC attaining sell price in excess of US1billion for 20%, but we will see
    DYOR
 
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