This will allow $FVAC to scale the largest rare earth metals mine outside of China - based in California.
Because it was $200M, I decided to write a 1-pager which you can find below...
Demand can easily outstrip supply when you factor all the things that will run on electricity vs fossil fuels: EVs, turbines, drones etc
Being long Intel in those days was equivalent to being long the PC revolution. In my mind, this is the same point in time.
Price also gave me a REALLY good margin of safety: .88x invested capital, <6x 2023 EBITDA