Just some more context around my last post.
One of the question marks/risks over the last year or two has been the fate of the aluminum shed- the run off of the LCS and EPF. This concern is part of the 'valley of death' thematic as profitable projects run off and yet to be profitable new steel projects start up.
This is $1billion towards answering the above mentioned thematic.
There are still Henderson, The Philippines and Vietnam as question marks. But the Valley of Death now looks somewhat more shallow.
IMHO DYOR
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