RE:RE:RE:SNC 2021 valuationGood way of going at it re:valuation. Rates are indeed magnifying value of reliabe income producing assets such as 407. However, at this time with the virus/lockdown/workfromhome, the utilisation/income is reduced. It's temporary, but you would need a forward-looking investor to pay full price currently. On the other hand, the low financing rates are here today. 15$ for capital seems in the ballpark to me