Negative EBITDA for Dec-23 so I doubt the share price will...

Negative EBITDA for Dec-23 so I doubt the share price will change. They are burning $17m a quarter, and just did a raise for $18m. That gets them to the end of this year.
Dec-24 and they would have done almost $15m positive EBITDA for the entire year. A generous valuation on that is 5x so MC of $75m which is a SP of $0.0375

If they manage to get to full capacity of 24PJ per year which by their numbers is about $25m positive EBIDTA, call it $125m MC and there's the $0.062 SP.

10 years of reserve gas + 10 years contingent at full capacity is a few hundred million dollars in available resources, not a big upside. What happens when the TECH is up and running, taking out more than half that capacity? TECH has less than 10 years running on MGP for a 30-year lifespan.

My numbers for raising equity for the TECH at $0.10 had an upside of $0.20 - 25c post debt. Raising under 10c and the dilution curve passes into negative territory.

It's done, only those who buy in around these prices may have some positive returns on a SP pump, but anyone who bought and held in the last 3 years is sitting on an unrecoverable loss.