Best case likely 5 million pounds starting 2023lets say there is...

Best case likely 5 million pounds starting 2023

lets say there is a 50% chance price goes to $80/pd

there is a strong case for it to go higher than that over the next 3-4 years but it’s pretty wishful thinking to suggest it will stay above $80/pd for an extended period beyond that

maybe they get another mine up and running in 4 or 5 years

add all that together I get a valuation that COULD end up around US$4-5 billion, and I’m thinking current MC is about right and fair… probably a little ahead of itself and seems to be building in almost as a certainty that u prices is going to quickly run all the way to $70+

that’s of course taking out the hype and new investors rushing in with fantasies of 1,000% returns

im not selling any time soon, but also have no delusions it’s got fundamentals for SP to go much beyond A$3

my two cents worth… please poke holes convince me I’m wrong