Evaluation wise, the new negotiated contract pricing shall be relooked by the investment bank, though the CIF cost has slightly increased. Still looking at A$5.1 based on 7 x P/E ratio, without take in any consideration of CALIX and POSCO deal.
Honestly, the market is trading the forward looking figures, but GS's prediction is just lazy.
Ann: December 2022 Quarterly Activities Report, page-104
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