If we can achieve 8mtpa by 2022 and have no further dilution in addition to no debt, as I posted yesterday a PE ratio of 5 would justify a share price of +50c. Then if you take into account the steel JV, you could possibly add another 20-50c depending on its size.
Obviously a billion hurdles to overcome between now and 2022, plus there are heaps of variables that could change in Australia, India and globally.
A PE ratio of 10 or more could double those numbers... It all depends on derisking and progress.
Right now I am happy with 5c by Christmas and 10c by the next Christmas.
Exciting to see what happens with the Chinese.
If we can achieve 8mtpa by 2022 and have no further dilution in...
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