So $30m for the JV to construct and commission Walyering generating $80m/yr, with the gradual ramp up to capacity the capex is paid back in 6 months then cream thereafter, that is a very economical project! Looking forward to the next quarterly.
SE phase 1 capex could roughly be a 12 months payback period once commissioned, also fantastic economics. A no-brainer for Macquarie to lend against, all going well with the independent cert of 2P.
Ann: 1Q FY24 Quarterly Report & Appendix 5B, page-35
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