GREY:NMKEF - Post by User
Post by
DawnPhoenixon Nov 22, 2018 6:49am
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Post# 29008574
National Bank; 1,70$/sh
National Bank; 1,70$/sh"Albemarle’s JV agreement with Mineral Resources provides a basis for NMX valuation... Our target of $1.70/sh is based on a DCF with a 10% equity discount rate and is equal to 6.4x EV/EBITDA on 2021E." "On balance, we believe the ALB transaction suggests that the current NMX stock price is appropriate to value its mine site (which is relatively low risk), but discounts the value in its technology and plans to build the electrochemical plant."