Market Value Read this post on the Imperial Metals forum and it can apply to LME in regards to questions about LME market valuation.
https://stockhouse.com/companies/bullboard/t.iii/imperial-metals-corp?postid=35554676
"III’s undervaluation reminds me of a stock I followed a few years ago. This very simple comparison is definitely not identical but give an insight in market valuations.
Polaris Materials had a valuable aggregates property, but its stock price was languishing at $0.96 per share. In August 2017, Vulcan made an offer to acquire Polaris at S2.79 per share, nearly three times the market value. In September 2017, US Concrete acquired Polaris for $3.40 per share, three and a half times the market value.
My point is that markets can get it wrong. Fortunately, insiders of III own over 50% of the company, so when Newcrest or Newmont come to buy III or RC, as they surely will, the price they pay for III will be substantially higher than the current market value."