Atlas being the largest junior, you would assume the package is tailored to them.
Given that the cut-off price for eligibility is $A90 ($US73), this might be Atlas’ cash
breakeven price – the WA govt. wouldn’t let them make a profit at their expense.
Multiply each dollar over $US73 by 13mtpa = $A16m, or 1.75c per share.
If IO is at $US83, 17.5c per share. Plenty of upside imo.
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