don’t know about 50c near term. Any “normal” company with today’s Ann, would have risen quite a bit. As in said earlier, the market will want to see proof that we can actually do it and at forecast costs etc.once we see that, then a decent rerate is probable.
certainly when they get to 2mtpa and extend LOM, then 50c is feasible, maybe a bit more.
one thing that wasn’t mentioned at all is road transport to port. Big issue. I’d like to know what they have planned for that.
all that said, I changed my mind and doubled up today. Averaging down isn’t generally something I like to do. But I’m happy to punt on them bringing this off.
cheers,
ned.
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