Every broker in the country will be running the ruler over the company this weekend. The smart money will come storming out of the gates on Monday morning, then the big money will come to take a chunk and finally mum and dad will hear about it and come for a piece! The US government has done its due diligence and tipped in nearly $250m, that's about all the evidence most investors will need.
-Funding all but done -2x major offtakes -Location secured -Air permit granted -$57m in tax incentives -$1.6 billion NPV -Huge cash flows -At least 1 more offtake to come
And that's all before the talk about multiple plants, ButcherBird expansion, Lake Johnson etc etc.
The pivot to the US to take advantage of the IRA was a master stroke, it cost us a year but absolutely worth it. I tip my hat to you Mr Brown. I haven't admired a lot of your work recently but you have earned my respect.
There will be some loose hands on the way up, I suspect a lot of investors will take the opportunity to exit but hold tight people. By the end of the week everyone will be talking about Element 25 and HPMSM!
If we got to $2.90 on the speculation of a HPMSM plant a couple of years ago we should blow past that now it's actually happening. $5 by Xmas - that's my pick.
Enjoy the ride folks!
E25 Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
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