Talon Today & Tomorrow, page-19

Agree RR, its intriguing alright.
STX seem to have read the geology to a tee but are falling over themselves on project planning and management.
Their modulated plant in principle sounds ok but you have to still get it made and get it here then construct the stages, I get they're trying to learn of bpt's/mitsui Waitsia "mistakes" but I feel the problems with Waitsia were more sign of the time related (on/during after covid) then just pure bad management or bad luck, normally Aussies are very good at building plants like this.
I digressed, so what I'm seeing is due to the drill bit always having the last say!!! it'll be very interesting to watch Bpt/Mitsui drilling over the next 6 -12 months, it meeds to be very successful so they will have the ability to keep that plant full, if not they'll need to knock on their neighbours doors so to speak.
I'm not convinced the WA government will lift the ban, there needs to be some offshore activity to shore up the supply of export LNG, the industry is having so much trouble getting approvals now even taking a dump over the stern is hard work.
Whats MinRes big plan, I think now they're the biggest holders of PB land? we know what they're telling us but is that the real plan?
I think there's 1 more large M&A to take place here and I think it'll take place regardless of which way the LNG scenario unfolds due to the increasing local spot price and the need for minerals to be extracted and processed in WA.
Our current predicament could be a bonus if someone nibbles STX in the next few months.
Another question is, will someone nibble on Bpt, they're not travelling on the safe sde either!!!
Interesting