not wanting start a 'value this way, no value that way', thread, I just I always find these observations really interesting
RUM is trading at the same relative price as STB and ELM
while all three projects are very different, the market at the moment seems to value seemingly potentially viable projects, at initial study stage, at 30% of their implied value (not just phos space but in others spaces too)
for the three here, see 'npv' column, as market cap divided into project's spot value
and 'tgt sp' for a basic spot price, 100% debt funding, project val.
another way to look at it, the market is assigning 30% probability of success to RUM's project
RUM Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
