There's still quite a lot of uncertainty around the production profile but NPV would probably be somewhere in the ballpark of 50 to 80c per GJ as a bolt-on for 135 PJ net to Central, ie ~$70M to $110M. Obviously if Arrow were to bid they'd be bidding below their NPV. So perhaps $50M for a bid would be reasonable. Might not sound like a lot until you consider CTP's market cap is only $80M!
Ann: FY2021 Annual Results and Business Update Presentation, page-9
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