All good. I did the numbers in the PFS thread and with 200%...

All good.

I did the numbers in the PFS thread and with 200% dilution its still at least a 5 bagger. Purely on a numbers basis, its adds up. The real DD is in the qualitative i.e. BFS holding up, pilot results, off take, funding structure for gaining certainty that the upside can be achieved.

Also, if you're doing deep DD you'll look at all the HPA stocks, just remember that the patent business for ATC is a joke to ignore.