@w27 you are the one making assumptions if anyone is. though i...

@w27 you are the one making assumptions if anyone is. though i dont think anyone is at this stage

the FS was for starting throughput of 5mtpa going to 16mtpa over 12 years

now you have a notional extra 14mtpa throughput - most of it expected to come from russian commodity freight

in all likelihood that means the track will run at +10mtpa within the first 5 yrs vs the planned 5mtpa

lot of sliding assumption curves - but it could feasibly mean as much as 3x the total rail freight assumed in the 16Mtpa financials would go through

but the real kicker is what i said before - if its planned on 14mtpa from other sources and those are bona fide - the financing certainty just became significantly higher

no one financing a railway wants it relying on just one or 2 projects if they can avoid it

but clearly - many questions for mgt to address