The true value of a company is the discounted future cashflows. I have no model but my simple maths makes this look very attractive from a risk reward basis.
50,000 tons at $2k margin is $100m. PE of 10 is $1b market cap. Fully debt funded development delivers say $3.33 on 300m shares. Fully equity funded at say 600m shares is $1.66.
Plant is modular and can be doubled easily and adding spheritisation probably adds $1000/ton to margin for low marginal cost.
Add to My Watchlist
What is My Watchlist?
