Great thread, here are my thoughts for what its worth.
- SQM - i believe their stake will be acquired as the long term plans are no longer aligned to their strategy
- Agree with Quest, DH wants to see KP2 on the main board of the LSE
- As project becomes fully operational with an estimated EBITDA of USD$450m, then market cap should be between USD$2.5bn - USD$3.0bn (for the purpose of this exercise, lets say AUD $4.0bn)
- If market cap is currently approx AUD $200m, then there would be approx 20 times upside from these levels to hit a market cap of AUD $4bn.
- target price using current Shares on Issue would give an approx target of AUD 0.88
Of course these numbers change with either a stregthening or weakening of the market price for MoP.
All speculative, and just my thoughts.
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