Tawny, add $350M to GDY's capital cost base and see what that does. GRK have a real advantage over all of the others because of the location.
The reality is that no-one in Australia has any concept of operating costs becuase it has not happened yet. GDY is blowing hot air (pardon the pun) when talking costs. They get out there with opex but shy away from capex. Duh I wonder why?
Go ask them for their capital costs for the powerline and then have a drink or twenty.
cheers
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