I have a feeling the NPV will be closer to $4.5B - $5B..... because
the NPV was $2.8B with an EBITDA of $400Million (on the 2022 FS)
with all of this Demo plant progress that has been made (greater volume of CE's.... higher purity... and much higher price of Ti ( which tickles me to no end)......not to mention + addition of high value REE's....)
By virtue of reasonable 'extrapolation', and connecting dots..... i would not be suprised at all if our EBITDA is increased to $700M (plus or minus), representing a 75% +/- increase and the corresponding NPV increased to $4.5B-$5B... representing a 75% +/- NPV increase...
hmmmm.............. I wonder what this might do to the SP valuatons if it came to pass???
Disclaimer*****Just applying a little logic here.... nothing scientific or quantitatively analytical mind you....... JMHO