According to Bell Potter NIC is estimated to rack in earnings of $US400 pa, without the ENC expansion.
Forgoing the ENC expansion and using the recent share placement to pay down debt, NIC is debt free.
With the expansion option using the funds raised and future earnings we can fund it without further capital raising. Have I missed anything?
DYOR not investment advice.
Outperform - Macquarie, page-8
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