Minor point, but considering the tanking Australian dollar and reduced ongoing trade spat with China, any US revenue from im3 will be amplified on Australian financials in the coming years as we have a delayed recovery. And the best part is that most of that capital expense was long done during peak dollar from our March CR.
Makes me want to add a premium of 10% price target for early next year given our last serious forex lull took AUD below $0.6 USD.
IMO of course.
AUD/USD exchange rate matters when re-rate
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