+$170m rev pa for $400m - No Thanks

MinRes wants to develop the Lockyer Deep project as quickly as possible and has ambitions to have a plant built and producing at a rate of 250 terajoules a day within a few years"

https://www.copyright link/companies/mining/billionaire-chris-ellison-joins-onshore-gas-takeover-action-20221216-p5c6ur


250Tj dat plant will pump out 250,000Gj a day.

1Gj West Coast - $6 (conservative)

1Gj Export LNG - $40 (conservative)

250,000Gj x $6 = $1,500,000 a day.

250,000Gj x $40 = $10,000,000 a day.

At conservative 10% export LNG / 90% Domestic = $365m + $493m = $858m revenue pa.

$858,000,000 x NWE 20% = $171,000,000

This is a quick calculation.

Keep in mind this all cost +$500m to build 250Tj day gas plant.

But you ask yourself is a conservative ~$171 million revenue pa justify a NWE 6c ~$400m price tag?

HELL NO - PAY UP!