fyi ... Almonty May 12 2021 article"The forecasts for Sangdong assume a tungsten price averaging around $300 per MTU (Metric Tonne Unit), which currently looks fairly realistic, as prices have been appreciating since January 2021 when they were $245/MTU to currently average $285/MTU. Like so many other metals, the expectation in the near term is for higher prices; and due to the very low levels of investment in new mines both inside and outside of China, and the depletion in recent years of what had been a large amount of surplus material in China, the outlook longer term is for higher tungsten prices, with one leading forecaster, Argus, expecting prices to reach $400/MTU." "Implied post-ASX funding market cap of US$176m puts shares on a forward EBITDA multiple of 4x 2023, falling to 3x from 2025 onwards."
My Question...Can you imagine the value of NCF with the size of Sisson at 3-4 EBITA?