4min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP 504: Opportunities in Energy, Metals and Mines w/ Will Thomson

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Using DCFs to Build a DCF for Copper Mining Projects

We don't know where copper is going to be in five years, but we believe there's a 50% chance subjective probability. We can run our DCF at each of those different price points. And then we can sum that those probability weighted values up to a final value. The goal is not increased precision, it's more a value that captures the entire strike zone of possibilities as opposed to pinpointing one point.

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