and 50c is 300m market cap whcih is not a big ask for the npv of this project. 20% free float on that is 60m tradeable (or is it 10% free float, i forget) - volume giving a small but reasonably liquid share price - 5m daily turnover ?
What would be more exciting to me is GBE announcing offtake , funding and etc etc. Looking to do 30% equity to a partner who could never secure this holding on market but wants offtake and equity . This would be a natural @ premium offer. Shenghe could be the subscriber and could low ball us, but i think FIRB and Governance would require a fair pricing mechanism against NPV of the asset
WA1 Headlines and transaction multiples + NPV of the asset = 300m valuation is not a big ask imo
Risk from here 100% down to 0, return from here - 10x to 20x - Seems like an awesome risk reward additiona for a well diversified portfolio
and 50c is 300m market cap whcih is not a big ask for the npv of...
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