12 month return is 13% and the 18 month return is 65%. that includes a $55m cap raise dilution which provides cash to fully test the pilot plant and you are also looking at the SP directly after a significant global market correction. No rose glasses or cheerleading here, i would take a 13% 12 month return including 25% dilution to materially derisk a project any day, let alone the 18 month price growth %.
12 month return is 13% and the 18 month return is 65%. that...
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