Ann: NH3 & Angel CCS Project Sign MoU for WAH2 Project, page-4

after reading todays report lets review it in a little simpler language.

Todays news is a must read further vindicates the potential of this project.

They have previously announced Chevron as the gassource and now having Woodside as the sequestration partner is a serious development.

The NH3 press release gives further clarification onthe Angel CCS JV with the syndicate including Chevron, Shell, BP, Mitsui and Mitsubishi.

Serious namesthat would not get involved with a project unless it was real.

I have followed this company for years and there havebeen false starts for surebut the methodical build of this project is very commendable.

An upgraded Board with Woodside lineage, and a track record of infrastructure builds like this project, gives NH3 the credibilty it hasn’t had previously.

As per indications via previous announcements andcompany webinars I understandthe company is making significant progress with potential off-takers andfunding groups.

If in the near future off-take and funding partners are announced with the very strong likelihood of Stateand Federal Government support the share price could explode.

My conclusion is the share price/market cap has it trading at less than 2% of it’sNPV whereby the achievements of the above potential milestones should re-rate the valuationcloser to 20% of NPV ( 25c share price )

Not many potential 10+ baggers left on the ASX!!
I expect more surprises in the near future.

GLTA