As to: 30,000 tpa production and $3 per pound profit ($6,600 per tonne)= approx $200 million EBITDA
TGS has only 60% ownership at Kipoi, so you end up at $0.90
Processing is straightforward, possibly full capacity in 6-7 weeks from startup - see Anvil's Kinsevere HMS. In a later stage Sasse will reuse the HMS at 100% ownership
To climb over the 0.75 - 0.90, TGS will need flawless production and income, and a steady stream of coherent SX/EW news
The growth story is very very realistic and affordable (within existing share structure - minor dillution), we could see positive share price anticipation later on this year
As for the next move-up: this quarter could mean a lot Never seen such an convincing story...
TGS Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held
