re: the proof (tadtarga)
sorry Student this is all bullsh!t I have never seen a valuation done in this ar$e about way. There is simply not enough information on the table to put a value on it, but the information and calculations we have seen are flawed. As tastarga said the NPV is not multiplied by a PE factor. A PE multiple applies to earnings, not NPV. This expert may know something about geochemistry but he has mixed and matched valuation methods which quite simply, cannot be blended.
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