I understand your points. I do. As far as extending my reasearch, I think that there have been prior attempts to degass that area and utilise it, supply the mine with gas for power before. I dont know what happened there. Have you read the project reports on those trials?
The water end use depends alot on the quality of it. Which can vary quite alot. But if the mine uses it that's helpful. Operating an open cut mine around a gas development doesn't appear very straightforward to me. The mining is well established and the two operations have very different requirements in my experience. Potential for friction points and negotiations. How does that affect project insurances?
And the value proposition you spelled out quite correctly. It seems holding TMK opens up limited exposure to a grand final value. By way of how much they own, as well as SOI. In my view.
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