Under valued, page-258

Yep, completely acknowledge that in my haste they actually aren't that reflective of the "profit" the company will make.

2 additional points,
- I forgot to deduct the $160m growth capital from the $575m "profit" that is called out in the slides - so more like $415m "profit" (but as you said, not actually profit)
- although the hedge book (thankfully) gets lower each quarter, I believe the company has made the amount consistent across all remaining payments here on out, so it is more like a fixed cost.

Let's say $115m in "other costs" gives us a "profit" of $300m.

$1,600m market cap / $300m "profit" = PE of 5.3.

Completely, and utterly bonkers.

Again, apologies for misleading anyone.