A bit of a nothing-burger of an announcement, though with lots of buzz-word fries on the side.
For it to have any meaning they needed to indicate what costs are shaping up as, compared to the DFS. Ommiting to say they are in-line with the DFS, is an admission (by omission) they are not. Nobody expects them to be given current circumstances in WA especially, and around the world, but they needed some commentary as to how costs ARE shaping up.
Also what is the cost to TMT currently of these contractors forging ahead with EPC planning? They cannot be doing it on the hope of being paid down the line if there is a FID, can they?? ...Guess we need wait a couple more quarters to see what the current spend is?
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- Ann: Preferred Tenderers Engaged to Progress MTMP Implementation
Ann: Preferred Tenderers Engaged to Progress MTMP Implementation, page-5
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