Bang on. The best thing to do as a holder is to do absolutely nothing. This project is completely derisked (bar any major challenges during construction and ramp up).
The upside risk is significant from here.
Basic calculations on a modest $1000 p/t margin on 200,000 tonnes of spod mean $200M EBITDA. Using a conservative multiple of 8x that's a $1.6B market cap (so 2 x from here) assuming no further dilution. A minimum $1 share price is all but inevitable
Edit: Responding to Wild Man.
Bang on. The best thing to do as a holder is to do absolutely...
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Last
9.4¢ |
Change
-0.003(3.09%) |
Mkt cap ! $200.8M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 10.3¢ | 9.4¢ | $1.562M | 16.13M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1063679 | 9.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.5¢ | 6888 | 2 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |