RE: Big buys still coming in4 Jan 2025 00:41
Rewatchingthe StockBox interview, DE talks about a valuation on current assets and production of £40m, not the £14m where it was at the time and then says its 10x, 20x or 30x or more from that for Perdevlei. Even at 10x he appears to be assuming a £400m MCAP when Perdevlei kicks in which is 28x from that MCAP, or 23x from todays MCAP. Holy Mary! If this does play out in the way that DE is so confident of, then this will make a lot of people very rich.