Mining finance glossaryP/NAV Market capitalisation divided by NAV. The main measure of how expensive a mining stock is. Where the course uses itModule 5: Valuing a mineLecture 8: Valuation by comparison: trading comps and precedent transactionsLecture 10: The DCF, part two: the cost of capitalLecture 14: Cracking the technical interviewLecture 15: Fit, markets and your story Related termsNAV Practise with flashcardsAll terms Previous: P/E ratioNext: Payables