Thats massive, 10 x earnings from 12 months ago and 4 x analyst predictions. This is why management needs to push Dubbo even if it means raising the majority through equity. There may be peaks and troughs in critical metal pricing over the next decade but long term diversification away from China is a strategic no brainer.
I predicted a while ago that Biden will pick a fight with Putin and suck up to China. So far that prediction is correct. Lets hope Biden adheres to common sense and continues to diversify away from China when it comes to critical materials. This needs to happen at a corporate level as well and not just via Government procurement.
Relevant Media, page-26
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