There are two key take away for me.
Firstly, I am sceptical that Opex costs have only risen by ~$1/tn. This seems contrary to everything we hear in W.A. About inflationary pressures. A quick fact check shows diesel prices in 2019 were ~$1.41/litre and are now ~$1.80/litre.
Secondly, it’s pretty disappointing at this point there are still no signed offtakes. I get that we don’t have EPA approval, but it’s pretty normal to have conditional offtakes which have condition precedents such as “subject to the Board making an FID by 31 Dec 2024”.
Putting aside the environmental approval, I feel like the business plans should be a lot more advanced after 5 years of development.
There are two key take away for me. Firstly, I am sceptical that...
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