RE:RE:RE:New Flash report from TDW Why 2.25 $ ?
That's a 112 500 000 $ Valuation. So you expecting that the potential of this business is an ebitda arround 12 M$ per year ?
I often say 5 $ but still, this is ONLY 250 000 000 $ valuation or an ebitda of 25 M$ per year, not much, it's just that at 5 $ now, it's still not a realized potential...
But if we consider fully the potential, it's would be hard to justify a price under 10 $ ...
That 50 M$ of ebitda per year. Also, 10 $ per share is aproximatively haft the cost of a brand new smelter.
Regarding the book value... What could be said... Glencore ? Otherwise, At this time, 3,40 $ per unit. But let re-evaluate our smellter and keep same current data...
Net property, plant and equipment : 141,565 ---> 500,000
And voila, new book value become : 525 M$
Reported to per unit : 10,50 $ WITH the current debt.
That's why i say, ANYTHING under 5 shouldn't be EVEN considered !