RYAM's projection of its adjusted EBITDA for 2024 to be in the range of $180M to $200M is a significant financial forecast that can influence investor sentiment positively. Such forecasts are often viewed as a sign of the company's confidence in its future profitability and operational efficiency. Given that this is a forward-looking statement directly from the company, it holds high relevance and importance for investors. The positive outlook is likely to lead to a short-term positive impact on RYAM's stock price, assuming no other market factors negatively affect it.