Tsibis, I cant speak for price relative to other equities presently at a discount. I can only speak relative to the cost it would take for another infant formula player to develop the capabilities that Tony and his team will have once the spray dryer is functioning.
chris - care to elaborate re spray dryer not being wanted anymore? If your refering to the industry’s reduction in volume of milk and there being to much stainless in the industry then I dont think you appreciate the fact its an infant dryer not commodity and its of the right size for high end niche product (think organic, goat, sheep, A2) which all other dryers in the industry are far to large - doable but at a serious disadvantage. AHF’s dryer would also be a good size but they truely will go into liduidation before getting infant off that 30yr old stainless there trying to retrofit.
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