I agree it's not a good comparison for where the two companies are at now as PLS is a producer, but it does indicate were TNG could be if/when it gets up and running.
The further refining of multiple products and being based in the NT has certainly added a complexity that PLS hasn't had to deal with but PLS last year had sales revenue of $175.8 mil. TNG with it's 3 refined products will have revenue closer to $500 to $700 mil when in full production.
Thought I read in the research report that there'll be a BFS soon, but couldn't find it again. Will be interesting to see what they come up with.
Good News for TNG?, page-75
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