Valuation, page-5

@Mencel_as_anything Refer to the most recent capital expenditure breakdown by quarter. Even if they announce debt in the next few weeks, I don't think it's going to be for the whole amount...not because they cannot but there is simply no need for that much money right now.

@Rockdoctor9000 risk / reward like everything in life. Although risks appear to be overly exaggerated and potential rewards appear to be overly minimised in this particular case.

I am penciling in at least 60c per share by the end of March 2024 and $2-2.20 by December 2024 (Other projects would have to be valued once ardmore cashcow is running well).