Looks right. The $3B is in line with the proceeds of meridian and US building, while maintaining current $900m debt. So would be upper end, but definitely possible given they've still got the US Fly Ash business to sell, with previous media reports saying worth ~ A$1.33b (further A$1.2/share). That's not even considering the potential value to unlock from land/old quarries (sale and or royalties) like they did at Deer park. Even Tord has mentioned in a recent equity mates chat that they're interested in options to generate value from turning unused locations as landfill, so assuming there's always further potential there.
BLD Price at posting:
$6.15 Sentiment: Hold Disclosure: Held
