Ann: Investor Presentation Q1 2023, page-128

100% from here would be rather disappointing at only 780m$ MC although that's pretty fair for such a short timeline.

My bet is ~200+% within 5 years (1.5-2$ per share) once they are done with maintenance + expansion plans and start redistributing serious cash GRR style on the next up-cycle.
Aussie investors tend to only notice either straight-returns producing companies or mineral exploration but not much else.
In there lies the opportunity.

The key is how long it will take to go through the maintenance + growth phase and the timing of the next energy crisis / boom for alloys.

edit : I should also add another key : the willingness of the company to return profits to shareholders.