Ekos Research valued the Rincon Salar project based on modelling net profit after tax and capex at a median discounted value of A$97.3 million over 15 years. They then applied a factor of 8 to determine the value of the Company given development of its assets and achieving projected profits. This approach computed the median value (of market capitalisation) for the Company at A$778 million. Based on 450 million shares on issue, this
computes to a median value of A$1.73 per share.
Thats just f'ing crADY...wonder if the report has a tag 'mADYn Taiwan'.
People who believe that crap are a sADYistic bunch.
Im not saying its a bADY, just make sure you take a realistic view.
Cdchi1
Ekos Research valued the Rincon Salar project based on modelling...
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