RE:Ridiculously low valuation for TVI agree the valuation is ridiculously low with zinc at $1.25-1,30 range and TCs at $159. However, the market needs confirmation that AISC is now actually in $0.84-0.90 range (guidance given for 2021 on 18th Jan was $0.90-0.97 range based on TCs of $225). Others factors that go against TV valuation are:
- Future of Santander beyond 2021
- Future of Caribou beyond 2022
- Fear that the company might dilute further for funding RP2.0 expansion
IMHO