Great to see you here. Personally, I believe a company that has a 30-year PPA for K2H, 20-year PPA for KS1, and a 50% 10-year Jemalong PPA on the way is completely in charge of its destiny.
On the EA arrangement, EA does have to fulfil the entire 30-year agreement allowing us to pay the project off with a strong return. If they still want it after then they'll be paying Genex a significant fee for it.
The strength of these arrangements and the quality of the counterparties is why Genex will carry a higher EV multiple when valued against its competitors.
The business model is one that proves its mettle in a global pandemic and attracts the eye of super funds/institutions.
Regards, Jeremy
GNX Price at posting:
24.0¢ Sentiment: None Disclosure: Held
