I have a couple of small issues with your scenario:
1) In the scenario @ $2.50/share, if this includes offtakes for activated carbon & crude oil + extensive Georgina drilling, then you have one hell of an undervalued company. Entirely possible, sure. (I realise "conservative" is mentioned - but it would still be severely undervalued)
2) If you expect all of this to occur, i.e. full scale production, within 12 months that is wildly ambitious. Don't get me wrong, this management team would be the one to pull it off if it is possible. Fingers crossed.
I'm not sure the full scope of the company's potential is realised in your scenario. But what I do agree with is "~ $2.50 or a ten bagger from current levels this could easily be realized in the next 12 months...", but for different reasons.Spot on.
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