one way to think of things currently (I like simple):
buy 1% of the co for $3m and be entitled to 1% of the 120m per annum ($1.2m), after year 1 debt repaid. Year 4 you are free carried and making +30% pa on your initial cash with a (hopefully) growing capital base because we’ve acquired other regional assets, POG is up and we’ve grown the LOM. Would you put your money into it? Sh!t yes.
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