RE:RE:RE:whoa Once Florence is complete revenue looks like this.
Gibralter: 130-150 million pounds per year at a cost of $2/pound. $200-250 million at 75% ownership.
Florence: 85 million pounds at $1/pound production cost. Roughly $300 million. 100% ownership.
Florence will more than double the free cash flow with copper at $4.50/lb.
EBITDA is off the charts. That's the present market cap annually. A $1.5 billion takeover bid gets paid back in three years.
And if copper goes to $5 or $5.50 those numbers get silly.