re: Ann: Definitive Feasibility Study - Recei... Yes I agree nobull. From a market point of view UCL is basically a pure play on Sandpiper. Wonarah does indeed give MAK some sort of back up insurance (awesome insurance if they can land the right partner) but I think battlah has missed your point re where to get the greater Sandpiper leverage.
The interesting question though might be which has the greater leverage right now - MAKs price is arguably under more pressure than ours, perhaps from here they could gain similar leverage?
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