RE:Some numbers.Just using your own numbers, that would also imply that, should share price remain where it is, Trevali would essentially be able to buy itself for that one year's worth of annual cash flow - 970M * 0.2 = 194M, so about 81% of outstanding shares.
The challenge is going to be to convince the market that A) spot prices of $1.25+ are here to stay, and B) that Trevali can responsibly manage that cash flow. Much more so A than B, though.