I believe the BFS shows it starts out for first few years at $20m EBIT at project level then ramps up. If my memory serves me correctly the BFS shows this pretty clearly in some chart. So $20m net at project level minus overhead. And he says that's for the first two years of operations. Then add in project level economics for Muchea in year three if operation (2026). Consistent with the math I laid out above.
Daily price prediction thread, page-7300
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