More smoke ....eventually , fire to one day replace mirrors !!!, page-22

The estimated Dubbo development cost is about $1.3 billion. A simplified picture of how project financing might proceed could be that when ASM is floated off, ALK/ASM could probably raise finance for about half that amount if a JV partner comes up with the other half. We don't know what terms a JV partner would want for putting up that much cash, but we might end up with a 51/49% split, hopefully with ALK having the 51%.

The new company would then be floated on the ASX, and ALK shareholders would be able to buy shares on-market in that company. ALK's share price should increase substantially to reflect its holding in the new company, or alternatively ALK might distribute its holding in the new company by way of an in specie distribution to ALK shareholders.