1) POSCO offtake
2) POSCO shareholder
3) POSCO pre-payments
4) project NPV8 after tax $1.4b usd ($2b aud)
5) EBITDA after y5 $306 usd or $400 aud
6) current MC = 90m
7) in 6 or 7 years, the dividends spinning put of this year in year out will be greater than my investment
Decision, just bought some more
GLTAH
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