There are many ways to calculate the market value. For Lac, many large Excel calculations have been made, and I use them of course, but I also have a quick calculation that works quite well. In the case of Lac, who has no income now, it is of course about what you think will come and when.

The rule is based on ongoing companies, and therefore development companies are often rated higher.

The rule is that earnings x 10 = market value. However, always look at whether the debt is very large, because then this must be deducted, or you must stay away.

Example:

If Lac earns USD 1 billion. the market value is DKK 10 billion. So my question is, what do you think Lac will earn in 2023, 2024........

Remember, it is only for those who cannot bear or understand accounting fully, and there are of course many other parameters that must be included in an analysis, but luckily I think in Lac's case we have projects that have the trend with them, so the risk for the company's relevance must be eliminated.

It's not to talk the stock up, but I really think there might be a once in a life time opportunity.