Correction; The units in the following paragraph from my last post should have been c/GJ not c/PJMacquarie bid $96mill in 2017 for Central (bid failed) which valued their current 134PJ at 71c/PJ two years ago (with lower gas prices at the time). Central is currently valued at $.80/PJ.
LCK is currently valued at 14c/PJ.
LCK's May presentation has a NPV of $4.25bill for UREA or $2.6bill for GAS. IRR's seem low at around 15% but I'm thinking that is not going to be an unattractive return for a large infrastructure project, especially considering the forecasts for higher long term prices. $2.6bill NPV for the gas works out to $2.25/PJ of 2P reserves versus current 14c/PJ value by mc.
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