I think it depends on whether you value all their reserves or only parts there of as part of a whole of company transaction. The report is on the BLU website and is worth reviewing. I don't think management's strategy has changed at all, we are just 3 years closer to the predicted supply shortage that both John's have been talking about for a long time.
https://blueenergy.com.au/files/media/15.blue_energy_research_report_final250917.pdf
I think it depends on whether you value all their reserves or...
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