E25 5.71% 33.0¢ element 25 limited

Good to see commissioning of Stage 2 still on target for Feb...

  1. 631 Posts.
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    Good to see commissioning of Stage 2 still on target for Feb 2022 and still expect PFS this year.
    Stage 2 fully funded with start-up in 6 months, NPV 1.14b, post tax NPV of $800m and we currently have a market cap of $275m

    Trading at 35% of fully funded post-tax NPV and you get HPMSM for free.
    IMO makes no sense why the S/P is not a lot higher.
 
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