There's some information in help I'm sure on linking old posters, not on top of it. I don't like comparing this to coal as the the markets are headed in different directions. The DCF that i have run shows a current valuation around $0.48-0.52 with some USD sensitivity built in on a conservative price deck. Depending on what happens with Indonesia re-entering the market and Guinea's explosion I am cautiously optimistic on the price of Bauxite. Show yeah it's currently got a lot of room to grow.
Where this gets interesting is in years 3 onwards, the Ebitda is $150m+, for a long term DSO project like this an EBITDA multiple of 6-8 would be fair and that's a billion MC. Which is where I see the long term price heading.
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