No, they are referring to market cap, so will depend upon the degree to which the project's capital expenditure is funded by issuing more shares compared to raising finance.
Firstly, it is all about how they market and generate interest in the company in the US ahead of the listing. They need to create a sense of urgency to get in now and buy on the ASX, which will help raise the price here ahead of the listing.
Dow currently up 671 points. Hopeful that the share price recovers further today.
ABR Price at posting:
$2.15 Sentiment: Buy Disclosure: Held
