Those that follow Next Investors know they are also promoting AL3, I don’t own it, though it does sound interesting.
NI make the point that AL3’s FY2024 Revenue is projected at A$7m and they hope for revenue of A$12m for FY25. AL3 has a market cap of $60m vs our $52m.
Our projected revenue for 1st year of production is $329.80 x 187,000t or $61.6m and thats US dollars.
That works out at a multiple of 7.5 times AL3’s projected revenue in AUD.
Obviously they are both very different companies, they produce & we have yet to build our plant.
But it does demonstrate the potential of MNB once we finalise this finance & construct a relatively simple plant.
Then of course we’ll probably double that 187k I quoted above, from the get go.
