Ann: Minbos Investor Presentation - Angola Rising, page-29

Today was the best percentage gain in 6 months, on the highest volume in three months. A very welcome change of sentiment.
Mr Q thinks I have a poor track record but while I didn't pick the sp to go anywhere near as low as it did this month, I think I did pretty good buying 500,000 all at 7.6c last week, plus more again just either side of the low. I also did well selling millions around that 21c peak in 2021 and some good trades in between. I didn't have any confidence in Mr Q's warning of a 3c sp and I ignored his "warnings" not to buy more. I quite happily "talked the stock up" while I was buying.
The sp is back to around even over the 12 month period. Much better than many other small caps but I'm certainly not happy with that performance still. I think it won't be long at all before we see 15c again, on the way to breaking the 2021, 21c high next year.

After tax cash flows should reach around $70-80mill per year from around one year from now if sales guidance is met. I showed how in an earlier post so won't repeat here. Potential exports to SA could increase that substantially from 2025. Even without those exports, $70-80mill could easily see the mc reach A$700-800mill if/when those sales forecasts are met.
Number of shares diluted for all options is around 866mill. It would take a sp of around 90c to reach that mc.
Then there's the export potential plus the larger green ammonia project.
Crazy stuff. After today's updated guidance, forget 10c, anything below 20c is an absolute bargain now IMO.