Carabella Res Ltd Nsw CBLLF

RE:RE:TD research on KBLT Nov 29

[Teatimenow]

FD Marketcap now below aquisition price of Vale Stream alone.
Last time i`ve seen such a discounted NAV was RGLD (Royal Gold) Trading at 25$ back in Jan 2016
half a year later in mid 2016 it was back above 80$

Streams and royalties are very desirable assets. 

This is cheap even if Ramu goes bust, speaking of which:

Ramu deal imho has not closed because PNG locals wanna close together with HIG
and there`s rumors that MCC wants to do a 1.5 Billion expansion, so eventually there some renegatioation there.