You've quoted a chart here from pre-CR, or at least once which doesn't have the full SOI. Fully diluted should be closer to 5B and so while I agree there's still very significant upside, we are definitely above the bare minimum according to the offtake. I think we've got something like 2000t priced in at P/E 15 (which would be a conservative PE imo), somewhere around there.
You've quoted a chart here from pre-CR, or at least once which...
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