Another impressive figure is the average annual EBITDA of $800m....

Another impressive figure is the average annual EBITDA of $800m. The capex of $3.1bn would normally be intimidating, but that becomes manageable when you have the three heavyweight Japanese companies stepping up to the plate. All up, it is a great achievement by Ardea to get to this point.

Seems the author has picked up on a very pertinent point - 3 heavyweight, Japanese companies makes a $3.1B capex figure appear manageable. Would appear to be a point everyone here has picked up on...... except for one lonesome fella?!?

And to think the revenue and LOM numbers highlighted by the PFS, is only in relation to roughly half the potential resources. Tier 1 in every sense of the word.