Great summary @That Fundamental Guy. Market seems to like it even though it is hard to build any sort of position in CAP at present.
A further box has been ticked and project de-risked IMO.
Next step is funding. The $1.4billion is a massive number, but so is the payoff... Potential Margin of between US$40/t-US$55/t @10-12 mtpa, Do the maths.
They keep saying "right project, right time" and i believe they are right with this statement given the supergrade IO and China direction at present (which i believe will only become more relevant).
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