Ann: Progress Report, page-159

fair point but even a non-binding MOU forces value accreditation into the stock. The thing about phase 3 is the financials are massive

Financials
• $1.1B capex
• $1.1B revenue
• $474m EBITDA
• NPV 2.9B

So with a non-binding MOU even for an inclination of progress in funding or development, 2% value accreditation on phase 3 only equals the full market cap today

The share price imo is reflecting Phase 1 and 2 with discounted value.

If phase 3 produces anything, it adds 33% upside for each 1% value accreditation. I would give a non-binding MOU 10% value giving phase 3 a market cap valuation of 290m + 87m today = 377m or 4x from here.

big numbers but thats why we invest in pennies and i fully expect LMG to fire on value and ESG and IP licencee (Annual reoccuring revenue) possibilities