PFS rarely tells the full tale as we've seen many times before. Much work to be done for H#G, a good 3-3.5 years behind, just comes down to how long you want your money to sit and if you are confident management will attain a fair deal during the rounds of financing (we've come off well despite the capex leap) . I can't see myself hedging bets just yet, let's see how they go about the research and testing of commercial scale production first, which was outlined as their primary risk. HPA will see many new contenders in the near term so let's hope they don't drag their feet, much money to be made if they get a wriggle on. I'm hoping by 2022 ATC are looking to expand output based on the same proven methods. Exiting times for all of us are just around the corner.
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