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chris12

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chris12

Re: None

Wednesday, 05/17/2023 9:25:29 AM

Wednesday, May 17, 2023 9:25:29 AM

Post# of 71
5x to 7x the EBITDA sounds about right for a mining project. At 250k tons, Record Ridge is over $100M EBITDA per year regarless if its raw ore or MgO plant. I dont see more value possible until the 1M+ ton permit is issued and we know this might be another journey by itself.
Bullish
Bullish
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