I thought a quick recap was in order.You recall Euroz's free...

I thought a quick recap was in order.

You recall Euroz's free cash flow and PEA buyout metrics have ZEN at $2 a share, if they get to 300 MW on free cash flow growth (no new debt)

You recall my spreadsheet with the free cash flow growth of 10% yearly having franked eps about 13 cents a share at the 300 MW BOO mark. (my number is a bit low as I do EBITDA margins at 66% on BOO MW, but in fact the Zenith actual numbers are over 70% the last 18 months, as they get more and more efficient with their BOO and/or use existing, already depreciated PP&E)

How soon can we get to 300 MW? Well, we are at 232 now. At 10% yearly growth, we go 232, 255, 281, 309. So THREE YEARS from now. May 2023 is the date we look forward to. Now HOW to get there?

Almost every BOO client we have add more MW from time to time. That is one successful and logical avenue.
Looking at Zenith's past growth, and the industry, and their own pipeline, and their positivity toward future signs, that is the other avenue.

From half yearly