The devil will be in the detail. I'd be very happily surprised by US$160m, as long - of course - as it doesn't include the US$100m West Africa plant. That plant is low-margin (circa 15% i think), so while it looks good on the top-line, much less so on the bottom line. A bullish result would be rising revenues, plus increasing margins pushed by a bullish outlook on SPPs, and either a firm reiteration (or even better, an earlier guided date) of sustainable profitability.
The devil will be in the detail. I'd be very happily surprised...
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