GNX doesn't neet additional funding from Govt, if it successfully sees K2H through to operation.
It got a $610m fixed rate LOAN (cost to government negligible) from the NAIF, and the project was supported by Queensland Government build of high voltage line costing ~$150m. Final cost of Arena grant (including the converted loan) was around $56m was the only gift because, as I think of it, Arena wanted data on the real costs of building a pumped hydro, and GNX would face unknown challenges in getting the project up creating a hurdle for the first movers.
GNX Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
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