Am I correct in thinking that the $1200 million invested in equipment should be an outflow in the free cash flow calculation, especially as it was considered in the calculation of the tax allowable depreciation, and it was the reason for the 4% growth in cashflows?
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Chrysos Mar/Jun 2017 - Value of Mining & Shipping Unit
5y ago#1No. The value of the company is the PV of the future cash flows.
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