Ann: Investor Presentation - May 2021, page-82

Zeb,
$200Mpa FCF from June 2023 on revenue of $320Mpa lets say at high margins of say 6-7uslb
What options would they have then and do you expect if this happened they would start up BS LJ & startup aggressive buybacks and divys like FMG did?

12 months before production. market atm gives this a 0% chance with a PER of 1.0 & MC of $194M
Market gave SIR this a 600% chance with a PER of 20.0 & a MC of $2,100M at this same lead in time
SIR ANL FMG were all at ~75c equivalent at this same preproduction mining cycle but with $500M-$3,000M in debt,
POS has NO DEBT & has already built mines and processing plants

Big Difference yet no premium for POS yet.

When will the market finally value POS on near term production earnings with valuable processing plants at no debt?
What can POS do with all that FCF once it starts flowing, they should slash SOI & reward the LTHs first imho!