Ann: Funding Round for Green Pig Iron Project in Saudi Arabia, page-76

sorry baz it actually is 90-100m

because you’re not accounting for the loan that the Saudis are producing. It depends on if you count the loan as value towards the market cap I suppose. Either way, magnum will own 15% of something that’s worth 400m which has a 200m loan attached to it and will produce probably that in profit every year. even at mid range profit magnum would receive anywhere between 50-100m in profits alone from the Saudi plant each year. those figures alter after payback period aswell and plant economics increase aswell over time.