Money is cheap at the moment, this looks to have 150M invest for 12M return worse case, 8% return. Best case return 150M get back 40M about 25% return.
But how much money do they need to start it, before banks will back them.. Say banks will lend them half. at 10% They will need about $75M to get project off the ground. Say they could run the project with quarter of the money $25M.
If they can build it, their market cap could go to 150M.
So $3M just to do the planning.
High risk, high return and the government only wants gas. It really looks like a infrastructure project, so if you have heaps of money like a superfund its a no brainer.
14D Price at posting:
13.5¢ Sentiment: None Disclosure: Held
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