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TA/chart, page-120

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    "They said it themselves Q4 last year that all remaining funding will have been completed NO LATER THAN 30-Jun-23. Which means at most it's 10 weeks left."

    Probably another good reason to expect another good rally in the sp after this week and the sharp uptrend to continue with the option overhang out of the way. Finalisation of funding would be the last hurdle and with that confirmed, the mc should continue to get pulled up to closer to the phosphate NPV by year end. That's around 33c fully diluted at base case and 43c at around the midpoint of base case and current TSP prices.
    There would still be nothing in those targets for either the green ammonia or yellow phosphate projects so significantly more upside by year end than 33-43c to start to prce in the potential from those projects is easily justified IMO.
    Last edited by chuk: 19/04/23
 
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