While I would prefer not to have 3-4bill shares on the register, I'm persisting with LWP because of EAS and US instos getting on board. We have seen what US money can do to SPs with LNG other EAS stocks. Think most people would agree that LNG MC being valued at 1.5 to 2 bill was lofty before any revenue, but the US appear to invest more on potential than Oz.
Also, this announcement IMO seemed like EAS wanted to get a JV through to maximise their shares as the SP had started to gain momentum again, which may have taken longer if trying to get a JV with a US company. All just my take on it. Please DYOR, but as I type, the 1.3s are getting stacked again...
EDIT: I am in no way comparing LWP to LNG or suggesting that we could have an MC close to 1.5 to 2 bill before revenue. Thought I would state this before I get trolled about comparing the two.
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