I seem to be the only one that is a bit disappointed in the numbers.
The project only has a 22% internal rate of return and 4 year payback...and that excludes the $100m they paid for the project...which would make those numbers worse (high teens rate of return and 4.5'ish year payback).
On the positive side, the project will spit out a good level of cash at high margin for many years, so those with a long term view should do well.
I was going to load up but the project doesn't look as attractive as I hoped it might be.
Rosco
BSE Price at posting:
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