RE:RE:Almonty ValuationThanks for mentioning the exchange rate, I meant to say I've left it out intentionally.
I'm hopeful leaving the exchange rate out adds to me being conservative; however more so it is tied again to me not trusting my ability to predict the future. I know the current rate but expect Canadian will appreciate towards USD in the coming years, but who knows it could go the other way. I include it as another guessing factor.
I've also ignores the portion of Almonty's debt related to getting Sandong to this point but outside of the $75m loan. I probably should have included paying that back as a 4th year of reduced free cash but for the forum just left it super simple.