If the market were to fully price in the new super tax, it would not surprise me to see BRM drop all the way to $2.
This legislation goes straight to NPV, IRR, BOTTOM-LINE.
Straight to modeling. Lots of the next-gen will struggle to get funding/get it on less favourable terms now and that will have a forever lasting effect.
If the market were to fully price in the new super tax, it would...
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