Ann: First EPCC Contract Milestone achieved, page-4

Very encouraged by today's Q&A hosted by Pulse Markets, Justyn Peters described a scenario of $500m annual revenue representing profit of as much as $400m assuming urea at $500/t. Along with the potential of being fully debt funded, therefore no further dilution. He also speculated on a valuation of 8 to 10 times EBIT which would mean $3.2 - 4.0 Billion in MC. Have I got any of this wrong?
And we are currently sitting at a market cap of $107m. I think I need to buy more.

On the flip side, anyone waiting for an offtake as a trigger may not be getting one anytime soon, but that's perfectly fine with me.

Thanks to the Pulse team for the interview. GLTAH.