As things stand NOW, the TECH project, IF IT SEES THE LIGHT OF DAY, is at least 3 years away from actual production, if not more.
Hence, the ESG costs would continue to drain capital long after the 25million is gone........that is if the gas project cannot exist as a stand-alone venture, with gas receipts paying the ESG costs (after the 25mill runs out)
This is not as "cut and dried" as it seems, hopefully QPM is not taking over a dud.
Finally, QPM needs to deliver on the nickel and the FID is the only thing which will get the SP to turn around ........ as I have been saying all along.
Ann: Acquisition of Moranbah Project, page-162
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