EGR short term target $2, page-245

haha, I would have no issue predicting/guessing timeframes without the ongoing SP suppression. I'm almost certain it is for the purpose of accumulation, but will readily admit that I don't understand what it is tied to, when it will end.

I absolutely believe that EGR is undervalued, even if Kwinana was the only project/facility that got going. Considering the apparent links with Northvolt (multiple gigafactories in production by 2025) and the disclosed partnerships with thyssenkrupp/POSCO/SungEel (SPG, greenRECARB, recycling), the sky is the limit.

EGR fundamentals and the strengthening graphite/LIB/EV sectors could easily see a SP at multiples of $2 within the next 1-2 years. I think that the green light for Epanko and especially formalisation of a partnership with the likes of Northvolt and thus a move into Europe will be the major triggers.

As you mention, the conservative approach of management over the years (incl. BFS pricings) really only allows for upside, as opposed to nasty surprises.