$SBM.AX Intitiated a Position Recently at A$0.80
TLDR; Trades at value of cash + royalty assets.
This valuation assigns 0 value to their Nova Scotia Assets which I value at ~A$0.50 using a $3,250 gold price, 11% Discount Rate, and 4 years to production.
SOTP VALUATION:
1.3B
