RE: RE: RE: RE: NML's Worst Case Scenario, PlayingThanks for all the great info James.
Does your $7.20 NPV for KéMag implies the basic 20% stake in the project or do you get to that price using a 36% participation from NML?
If I remember correctly Jennings has a $8.00 target taking into account only a 20% free stake in the project. The only problem I have with these targets is that it's hard to find the catalyst that will move the share price at the moment. I guess that we will have to wait for Tata's decision that could come in only 15 months. The stock is surely cheap at this price since it trades below the PP price that was done earlier this year.
Thanks.
Ben