A4N 0.90% $1.11 alpha hpa limited

A4N versus QPM and CCM

  1. 1,752 Posts.
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    Why is A4N worth so much more than the cheaper QPM and CCM (formerly FYI)?

    And what makes the A4N HPA project so special that it justifies such a big NPV number (see below from Bell Potter)?
    As at first I thought the sapphire biz was the main driver but it now looks like the HPA stage 1 is.
    https://hotcopper.com.au/data/attachments/6115/6115335-06ca0c49ddfeb218a1bef75e0fc7c290.jpg


    Just a general question only as I'm trying to understand the valuation and if there is a moat or this is another hyped-up project


 
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