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clock Created with Sketch. 04/02/24
07:08
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Originally posted by WhatsTheTip:
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I think its far more possible than is reflected in the share price, but there's still no certainty HPMSM will progress. The share price basically says that HPMSM won't happen or won't happen on financials that look anything close to that proposed in scoping studies. A fully owned single train HPMSM plant is modelled to generate circa A$100m of EBITDA each year starting in only a couple of years. Two trains are US$155m EBITDA. Clearly if the market thought that would happen with high or full E25 ownership, E25 would have a multi-hundred million market cap (before factoring in any value to Butcherbird). The MC is massively below that so you are not alone in having doubts.
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Many thanks. Well i would not put in the same amount today as i did previously but here we are. GL to all and if Justin ever reads this BE HONEST YOU MUPPET
