Here's some interesting facts. Alumina Ltd has 100 employees as per LinkedIn
however, lists 5,100 (2017) on their website. The reason for the large variance is due to most of them being employed at the JV level (AWAC) and not in what you could essentially call a holding company (although 100 is quite large for a holding company). The JV (assuming it goes ahead) will be similar for FYI where all new hires are hired in the JV. At the moment they (Alcoa & FYI) are using mostly external consultants (i.e. Hatch amongst others) so the HC will not appear in FYI or Alcoa HC numbers.
The $50M will never go through FYI accounts. If it was $50M then only $17.5M will flow through FYI accounts due to the proposed split (35:65). In reality, I expect that $50M to be a lot smaller due to the reduced plant size so assuming $30M then only $10.5M will flow through FYI's accounts. To answer your previous question the full $50M (or whatever the revised number is) hasn't been approved/released by Alcoa due to their stage gate approach. A portion of this has been approved/released but that amount is unknown.
More information should be known in January but until then there is lots of uncertainty which is why the SP is where it is today.
FYI Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
