I dont quite get this though. EBITDA for the quarter of USD21M right? So annual that'd be AUD126M or so. Any idea of NPAT? Lets say half that.
Stockpiles inc, the balance sheet is AUD100M in black.
So in 2 years time the balance sheet would equal current market cap. So zero upside from exploration or the downstream parts of the business.
What am I missing?
Ann: Quarterly Activities Report, page-15
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