Based on the free cash flow (after $20m/year debt payment) sensitivities, this share is still extremely undervalue (hence, could also explain the recent substantial holder announcement). Given the favourable environment, low ASIC cost, and recent ramp up record, I believe $1.00+ isn't too very far away.
We can see that this company is going to be very cash rich (already cash flow position since Jan with production ramp-up), will be interesting to see if management can utilise the free cash flow and turn the company into the next NST. It is also great to see they have a healthy level of debt; debt is always good, if we you use it wisely.
Think about what needs to be true for a share price to be at $1.5 and how would the future cash flow look like? We are definitely on the right track and it's probably not a question of how, but when.
TRY Price at posting:
75.0¢ Sentiment: Buy Disclosure: Held