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