Thanks for the interesting article. does your 21 EBITDA include the one off gains from customer payments of $47 mn? Does it make sense to include it? Does that mean you anticipate around 30% EBITDA growth in 22? What multiple do you think their isp business would trade on if they didn't own the frac sands business? Is 10-12x EBITDA reasonable?
Where do they get the sand? Do they own mines? How long will the mines produce and where are they?
Thanks for the interesting article. does your 21 EBITDA include the one off gains from customer payments of $47 mn? Does it make sense to include it? Does that mean you anticipate around 30% EBITDA growth in 22? What multiple do you think their isp business would trade on if they didn't own the frac sands business? Is 10-12x EBITDA reasonable?