Good point! It’s been so long since the previous announcement that I’d forgotten this estimate…. However my primary concern at this stage is what the input pricing looks like based on this deal. If we’re spending $100m to make $100m at current market prices for processed product, not great news! (For the record I don’t think this will be the case but I want to understand what the gross profits might look like - would expect that we can leverage our IP to make healthy margins on this)
Good point! It’s been so long since the previous announcement...
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