Thanks for the report, bumskins. A note on the P1 facility ......

Thanks for the report, bumskins.

A note on the P1 facility ... NXT have just dropped in a third DRUPS, and are looking to the next data hall. They have just finished commissioning the BHP backup ROC in the office facility, and seem to be bullish on the future.

If the federal government is looking to suitable infrastructure, perhaps this is what management is aiming for ... nationwide representation ready to go. One national contract could wipe out their spare capacity.

With respect to the capacity at S2, I don't think you can use a linear relationship to judge returns or payback - the base build is the major part of the timeline; addition to capacity is relatively easy. Why invest in vast electrical and mechanical plant that will just sit idle until the demand is in place? Splitting the facility into separate halls minimises the losses in mechanical services energy, and delaying the extra infrastructure cost until it can pay for itself is the smart way to go.

I'm happy - especially now that the CBA have had to admit their abuse of the sp with their holding out in the open - we should see continuing normalisation of the sp.