Looking strong, page-165

debt will be $750m sorry, $250m equity raise 75:25 split, so EV $1.75BN in production is fair. They could even get it to 90:10 split as the market keeps going up. LYC has about double the production and trades at $4BN now(but rising every week). ours is better as no malaysian red tape - the plant and the downstream is located in australia, so should be less risky overall.

$1bn equity value, its only $233m mkt cap now- 1168m share count. this is atleast a double from here, if the dilution is less we can get more returns.