GNX 0.00% 27.5¢ genex power limited

Ann: 50MW Kidston Solar Project Reaches Practical Completion, page-15

  1. 4,456 Posts.
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    stage 1 has to be worth $150m considering that its completely risk free from construction and installation AND it has guaranteed revenue for 20years and then 10 more years of free carry

    take the $100m debt away

    then, what value does one attribute to the work done to date on stage 2, damn asset, wind farm potential, NSW solar farm, ...

    I think 25c is fair, but probably undervalues the potential upside of stage 2 going ahead with concessional loan
 
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