Sevo, what about SO4 and their current $275m market cap? I appreciate that they’ll be into production sooner (subject to them receiving EPA sign off) but I’d be amazed if the market doesn’t award APC shareholders handsomely to say 70% of this value when the methodical approach of management to date is matched up with superior commercial funding terms (particularly if NAIF is attached) compared to SO4’s ‘one tier above Cash Converters’ money.
I appreciate the point made on exchange rates and SOP pricing but perhaps there is scope for management to apply future/ updated revision to annual output above the current proposed, if they can attain appropriate funding and another offtake agreement, and massage in some more conservative currency and SOP parameters without it impacting on NPV? I’m obviously only speculating here but I’m thinking the caliber of people involved at senior level are likely already three steps ahead of my thinking
APC Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
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