Indeed, the ATC PFS and DFS didn’t tell the full tale. Luckily for ATC peers they should be able to piece together some of these learnings and apply them (if they didn’t their capex should be well under $100M just like the original ATC numbers.....) Yes lots of work to do.
Agree ATC is well ahead of the non Chinese competition and could hit a sweet point in the cycle as the first new pure listed producer. So they could have a lot of room to move which would further push up interest in competition.
