Yet you are willing to compare with projects built over a decade apart, using different technology, in different locations and in different pricing environments.
A better comparison is the two other HPALs being built by Tsingshan at far lower capital intensity.
The return is still appealing if margins hold at the levels used in the DCF, but let’s not pretend it’s being built at a great price.
NIC Price at posting:
79.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)