RE:I like this moveI couldn't agree more. Bring on a +50k tonne capacity expansion for next year which DOUBLES revenue. This is a fully permitted facility on their existing site with existing customers in the area. This would bring their revenue runrate to $50M which makes their current $30M valuation look ridiculous.
Build cash flow, let the stock drift higher (hopefully to something that resembles a fair valuation), allow for markets to calm, and continue to derisk Bethune. THEN go to the market with Bethune with more of it internally funded via cash flow + a much higher stock for anything additional. Also the ability to use more leverage given the strong cash flow underneath.
So DeBolt expansion for 2023 production and Bethune for 2024: that would equate to $50M of revenue in 2023 and $150M in 2024. The fact this is still a $30M stock is mind boggling.