Transaction Valuation Comparisons for AVZ, page-2

This is greatly appreciated information

But I think a fairer model would be splitting yearly mtpa by two and calculating a net profit and applying a reasonably conservative PE ratio imo

Size is good, size is great, but there gets a point where it's no longer a linear multiplier of value. I'd say that point is 20 years x yearly capacity x 2. In the case of a 5mtpa mine, 200mtpa is a good figure

There are so many other factors that avz is far better in that we haven't even considered, homogeneity, delerious elements, tin, tax, etc