TT
I disagree.
Given the options have a very long use by date and are in the money, the market cap needs to be expressed on a fully diluted basis.
Also, 10% of $6b is $600m...so therefore, in theory, ESI could have a market value of $600m - asuming the plant scales up to 20m tonnes/annum as planned.
Also, dont discount an announcement within the next 5 months re Matmor and the Indonesian lead.
I do agree that the future looks very promising at this stage.
big call – 3 to 5 cents within 3-5 months, page-2
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