Ann: Commercialisation Pathway for Alpha Torbanite Project, page-31

The following was mentioned in the Alpha commercialisation report:

" ....Most of the capital for the project will be required for power infrastructure (cogeneration gas turbine, solar farm and switching station), which is anticipated to account for around 70% of the capital estimate. It is estimated that between 40% and
60% of the project revenue could be derived from the sale of electricity into the grid...."

So does this mean that if estimated gross annual revenue from Bitumen production is around $100M, then if up to 60% of total project revenue could be from sale of electricity - does this equate to gross revenue from sale of electricity of $152M pa? (60% x 100m + 152M). So estimated total annual gross revenue from sale of bitumen and electricity of $252M.

The are merely my assumptions and fantasies only based upon the information provided. Please dyor.