"I get we could be looking for ~$250/t profit (350-120 as a estimate), eventually ramping to 800,000tpa which means we'd be profit of about US$200,000,000/year which is obviously huge upside, I just don't see what I'm missing. Why does this seem too good to be true?"
That's just it - usually if is too good to be true then the BS alarm goes off. In this case I cant find anything that suggests there is BS, aside from execution-of-plan issues. So far, and every step of the way, execution of plan has been commensurate with their statements so there is credibility. Drying of product is obviously a key issue but with 2 shipments of dry products out the gate and more on the way it seems to be managed.
16c is a safe bet by my books. DYOR
General discussion, page-934
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