Would it make sense to comment that the environment right now is actually beneficial to FAR.
* No debt with approximately AUD$150 million in cash
* US$300 millions funding is in place
* Exploration could always be shelved to conserve cash
Most importantly:
* Project cost reduce materially? From AUD$4.2 billions to AUD$3.3 billions? By the way I have no idea if this would be the case. I am just assuming because if the current oil environment persist there may not be a lot of work available and therefore a margin squeeze would materialised.
* Once production starts oil price is probably back to US$60 plus
Special Scenic Train Ride, page-25
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