Beacon analyst is projecting gross throughput at the Macauley plant of 5mil cf/d (150m cf/d of He at 3%). After 20% royalty, that's $44 mil of annual revenue if they can obtain a $1/cf from end users. Less $10 mil of opex and $3 mil of SG&A yields about $30 mil pretax cash flow. The market does not believe these numbers as the current mkt cap is only 3x that number. I await the actual
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