1. Wedbush announces price target of $29, before knowledge of Serra Verde deal.
2. Awaiting final ink on CHIPS deal.
3. PIPE Investment at $21.
4. All operations capability doubt removed with acquisition of Serra Verde which included RE metal price floors.
5. Forecasted $1.8B in EBITDA by 2028 (it has no debt currently)
6. It bought Roundtop. Carester and other mines to continue its EBITDA expansion.
At 2028 earnings a 15x multiple is $15B assuming $0.8B in ITDA, its currently worth $5B.
Disclosure: I own 10,000 shares and expect it to double by summer end.
