Whats your NPAT estimate for CY22? What would that be in CPS? Obviously I'm forward looking perhaps 50c is a bit high but I thought at least 40c per share would be the target based on current IO pricing and with first quarter already locked in. I had asked management for at least a 50% payout. This seems like a reasonable mid point if they want to continue building cash.
Pellet Price Tracking, page-464
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