im WO hab ich dazu gerade folgendes gelesen:
.... am wichtigsten finde ich diesen Teil (insbesondere für diejenigen, die ChinaMoly für "zu teuer" im Vergleich mit BluePearl erachten):
"...China Moly could potentially also be compared to Toronto-listed which is the only pure molybdenum producer that is publicly listed and currently fetches a 2007 P/E multiple of about 8.3 times. Here too, analysts argued that China Moly deserves a premium, because of its four times larger reserves (which are also of higher grade), its longer mine life at 46 years versus less than 10 years, and its lower cash costs.
Using a valuation based on enterprise value to molybdenum reserves, a syndicate research report estimates Blue Pearl’s valuation at $4.56 per pound, compared with a proposed range of only $2.48 to $3.16/lb for China Moly (due to its larger reserves), which could result in some investors viewing the latter as a value play in comparison with its Canadian peer. |