So that would make it around a $60m MC with $10m cash, so an EV of $50m? That sounds about right for what looks like a project that could generate over $3b+ in profit over 30 years. Hell if it goes that low just give it to the Chinese for free as its obvious that Australian's don't want it?, what is $50m between friends?
IXR Charting & T/A, page-464
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