Rational Investing

	Total Market Capitalization of All Firms	$477,709 mm
	Average Market Capitalization	$29,857 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	1.4
	Standard Deviation of MM Ratio	0.6
	Average Beta	1.3
	Average EV To Revenue	2.7
	Average EV To EBITDAM	19.8
	Average Price To Free Cash Flow	17.7

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	EV/EBITDAM	% Growth	Beta	As Of
FCX	Freeport Mcmoran Copper & Gold	2.53	18,699	2.8	12.9	30	-22	1.4	Mar 20
LUN.TO	Lundin Mining Corporation	2.51	4,352	2.3	8	30	8	1.4	Mar 20
5713	SUMITOMO METAL MINING CO LTD	2.26	8,594	0.5	23.0	22.9	2	1.1	Mar 20
SCCO	Southern Copper Corp.	2.01	31,177	5.1	21.8	15.9	4	1.4	Mar 20
RUS.TO	Russel Metals inc	1.80	799	0.5	17.5	10.0	-27	1.4	Mar 20
BOL.ST	Boliden AB	1.74	6,898	0.3	24.3	17.9	-1	1.2	Mar 20
FM.TO	First Quantum Minerals Limited	1.68	6,403	3.1	12.6	36.4	24	1.4	Mar 20
LIF.TO	Labrador Iron Ore Royalty Corp	1.28	1,203	6.2	8.4	11.2	9	1.4	Mar 20
GMKN.ME	GMK Noril`skiy nikel` OAO	1.14	49,258	4.2	99	30	18	1.2	Dec 18
KAZ.L	KAZ Minerals PLC	1.09	3,092	2.7	5.2	30	3	1.2	Dec 19
S32.AX	South32 Ltd	1.01	7,284	1.3	2.1	19.4	-13	1.1	Dec 19
RIO	Rio Tinto Plc	0.98	94,693	2.4	7.5	7.4	6	1.0	Dec 19
RIO.AX	Rio Tinto Limited	0.91	203,284	4.8	12.9	13.4	6	1.1	Dec 19
CCO.TO	Cameco Corporation	0.81	4,201	3.8	14.4	27.4	0	1.9	Mar 20
FMG.AX	Fortescue Metals Group Ltd	0.78	31,848	2.1	8.6	8.9	74	1.1	Dec 19
NHY.OL	Norsk Hydro	0.55	5,926	0.3	5.5	5.5	-3	1.2	Mar 20