Rational Investing

	Total Market Capitalization of All Firms	$329,965 mm
	Average Market Capitalization	$25,382 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	1.2
	Standard Deviation of MM Ratio	0
	Average Beta	1.8
	Average EV To Revenue	2.7
	Average Price To Free Cash Flow	66.9

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	% Growth	Beta	As Of
FCX	Freeport Mcmoran Copper & Gold	2.27	17,756	3.5	-8.7	-5	2.2	Sep 19
FM.TO	First Quantum Minerals Limited	1.96	6,337	3.4	-154.7	5	4.0	Sep 19
RUS.TO	Russel Metals inc	1.56	1,013	0.4	7.7	-11	1.4	Sep 19
SCCO	Southern Copper Corp.	1.56	30,350	4.7	17.9	9	1.0	Sep 19
LUN.TO	Lundin Mining Corporation	1.29	4,068	2.1	-18.1	13	2.2	Sep 19
LIF.TO	Labrador Iron Ore Royalty Corp	1.24	1,016	7.8	11.4	-1	2.2	Sep 19
GMKN.ME	GMK Noril`skiy nikel` OAO	1.01	48,349	4.1	478.1	18	1.2	Dec 18
KAZ.L	KAZ Minerals PLC	0.91	3,029	2.7	-688.3	12	2.4	Jun 19
5713	SUMITOMO METAL MINING CO LTD	0.89	8,379	0.4	20.4	4	1.2	Dec 19
RIO.AX	Rio Tinto Limited	0.88	107,404	2.8	13.9	8	1.0	Jun 19
NHY.OL	Norsk Hydro	0.72	6,593	0.2	34.5	1	1.1	Sep 19
BOL.ST	Boliden AB	0.69	6,631	0.2	11.5	-1	1.6	Sep 19
RIO	Rio Tinto Plc	0.60	89,040	2.4	7.1	8	1.4	Jun 19