Nothing was mentioned of the size, just said there would be an equity component. The inference is small if you think it is a SPP only, but id be betting on 30-40m raised.
Margins are shifting with the price, so at $3/lb or $4.5/lb, they are roughly $1.50 usd/lb in profit.
Still have around 20 projects on the shortlist. Projects around a 15yr life will increase tonnage output if project life too long - ie 50kt at nifty for 20yrs vs 25kt for 40yrs (my example).
Ann: CYM AGM Presentation 2022, page-34
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