
TMC the metals has delivered a very large 3 year share price gain, yet the stock now trades in a range where book value starts to matter a lot more for investors trying to size up downside and upside. The question is whether the current US$4.14 price can still be squared with what sits on the balance sheet. The share price has climbed about 286.9% over the past 3 years, which puts extra weight on whether the accounting equity base can support that kind of move. The business is heavily tied...












