I have this thought that I continue to come back to regarding the valuation and the shell contract. As QGC/shell is the first company to engage with parkway they would get a steep discount on any contract (first in best dressed).
Because going forward if a viable solution is found to the environmental issues with brine it must be adopted in Queensland. Therefore QGC is really a "proof of concept" to the industry and will force everyone else's hand, who won't be able to have such strong leverage in the contract negotiations due to legislation. The unknown question is how much of that cornering the market will be factored into the share price and the company valuation
PWN Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
