Significantly undervalued, CY20e EV/EBITDA of 1.2x, page-64

I’d be surprised if “dithering ninny” was the one in the drivers seat at Earl Grey. However whatever he’s doing is certainly helping the shareprice. KDR at $550m mc for 50% of an unfunded project requiring AUD$1b capex “seems” largely priced for perfection with a decision to mine not expected till later in 2019 and also a a few years of construction and commissioning.

I was just having a look at some o&g stocks. Some nose watering valuations there too. I know where I’m happy parking funds