A productive JV will mutually benefit both
MEP already has start up Capital ready to go.. it de risks the project to have partner in such a strong position financially
MEP can easily then raise further for Capex expansion .. at a higher price
I like everyone else just want to see the milestones ticked off, the approvals achieved, the offtakes signed .. it takes time
There is no need to muck around with T/O when the funds are there, and the intent is there.. ADN earnings @ 75% are going to be significant and even more so with expansion..
Grow the resource, grow the business and MEP has to pony up for 25 % anything to do with GW .. just get it done..
We'll get there in the end it's a win win
ADN valuation - what DFS NPV is required to justify a SP increase from here?, page-29
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