actually the IRR here is not amazing. there are many more projects with better IRRs for the risk, which is why they are still trying to figure out how to get the capex/opex numbers down without having to fudge anything too hard on the revenue side. i doubt the optimisation study numbers still stack up in terms of capex with all the labour shortage and materials increases, and the increase in cost of debt. IRR is definitely not around 20% if they were to do the study again today.
ASM Price at posting:
$1.48 Sentiment: Hold Disclosure: Held
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