Ann: Q2 FY22 Investor Update Webinar Presentation, page-22

I thought the results update was good.. what can I say.

The revenue streams coming from Kidston and Jemalong are both a head of schedule and previous guidance. Furthermore, their forecast Jemalong is substantially higher at $11-15m. Construction and progress otherwise is on schedule. I'd also just note that more opportunities are coming in to the pipeline with AEMO massively stepping up their investments in poles and wires, which opens up more opportunities for wind, solar and batteries across the network. I do however remain doubtful on the number/timing of the new batteries they estimate.

I have slightly revised my model based on updated figures and current takeover multiples. Please feel free to comment where you think this could be refined.