12 mth price target $1.40, page-36

$300m cost blow is GBGs share, and no new debt actually. It was done via a cap raising, not debt.

Debt at end of project will be $600mUSD, not including the working cap. Not a lot given the cash flow generated.

I agree with the markets sentiment towards management, but I don't see why this is being discounted so heavily compared to peers who will also endure this inflationary environment.