@yanlinInteresting.IMO a 15 EV/EBITDA is very conservative for...

@yanlin

Interesting.

IMO a 15 EV/EBITDA is very conservative for circa 2025, when you factor in a booming sector that supplies a critical product with an almost-certain "material shortage" at that time.

IMO at that time we'll (finally!) be seeing a MAD scramble for rapid growth and expansion, that will be demanded/supported/driven/funded by a battery industry that is begging for more supply of raw materials.
IIRC, $12 per share in MergeCo is circa $6.80 in "current GXY share" terms, which is "only" about 75% gains from the current price.

IMHO I expect FAR greater gains here than 75% over the next 4 years.
A combination of the actual and planned expansions (beyond the current expectations/plans) at that time, the major FOMO buzz that will be in the air then, and a forward-looking market, will see to it that a $12 sp is history, IMO.
Anyone who expected the GXY sp (on its own) to exceed $10 in say 2025, and who now believes that the synergies etc offered by the merger will only accelerate growth/development/opportunities, should be IMO expecting closer to $20 per MergeCo share than $12 at that point in time.
Those "future growth plans" at that point in time should not be underestimated IMO; just consider what can be acquired/developed etc when hundreds of millions of $$ are rolling in per year.

Although not the same environment etc by any means, this is starting to feel a bit like FMG back at the $2 level imo. I traded it then but in hindsight should have just gone all-in and been more patient!

IMO
DYOR!