Spot on, hope it comes to fruition!
What I would like to see, post flaring is an update of the State One Brokers report with some updated numbers including the 25 year project life with the forecast gas prices in the AEOM report below (section 3) - nice little jump in prices from around 2023 onward, and given the broker report saying a 10% change in gas prices over their $7/GJ estimate changes the NPV and therefore SP from $2.66 to $5.
Average price of gas based upon AEMO report for project life cycle is more like $8/GJ.
I understand there is an increased number of shares since that report, and they have updated it a couple of times late last year - but if we have commercial side proven, even some off take agreements and some further detail around the JV power station - it's sure nice to think about!
Might be the difference for me between selling LCKO or exercising .....
https://www.aemo.com.au/-/media/Fil...ational-Gas-Forecasting-Report-NGFR-Final.pdf
http://www.lcke.com.au/Investors/Analyst-Reports
Ann: Becoming a substantial holder, page-11
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