RE: Great Eastern Energy Corporation22 Mar 2024 12:46
All good thanks Bismarck.
Am i right in using then an earnings based measure of valuation for a rapidly growing resources company as a baseline valuation? so in this instance roughly 8p of earnings which could be put on a 10x P/E. and then look at the resource based valuation once we have certainty that GEEC can get this resource fully extracted (which remains to be seen still with the immature end market and financing questions still outstanding). Obviously, with it being private its a bit of an academic question with relisting, buyout or long-term divi stream being the only ways we get our return. Just nice to have a handle on a theoretical value.