The other big question is why do they still command a 3.5x MC premium over their closest WA peer project, with the peer project de-risked further by having been recommended for WA environmental approval? The changes since the PFS such as the Wyndham hub and Transport JV are in part solutions to being the most remote WA SOP project on the ASX. This isn't a criticism but a fact. It will be interesting to see how these two potential operating solutions impact on costs in the DFS. There is no doubt that the team are working hard to make it work.
AMN Price at posting:
48.0¢ Sentiment: None Disclosure: Not Held
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