This tells me they have effectively had their fill and are ready...

This tells me they have effectively had their fill and are ready for it to run....soon enough.

I note their forecast ebitda for 2025 is circa $350M.
Basic P/E application = +$5B MC.
Easy.
In a booming and forward-looking market, their is no reason imo why that has to wait for 2025 to materialise in the sp.

Also, constraining potential by current project NPV is nonsense considering the expansion and acquisition potential that exists when you are making that kind of cash.

Let the good times roll.
We have been very patient for several years and now it's our turn.