In summary (let's see if i can keep it under 500 words @2ic)I'm...

In summary (let's see if i can keep it under 500 words @2ic)

I'm pretty comforted by the half yearly report.

Frankly it's another telegraph that all is on track and the project is commercially viable and fundable.

- bfs due out in next 35 days
- debt financing terms set to drop any day now (estimated 24th Feb if we take the timeline literally )
- FID is expected in Q2
- construction to commence in the 2022 dry season,
- significant early works and procurement of staff and long lead items already committed to ahead of FID
- production commencement expectations unchanged
- 'direct' capital costs remain within previous estimates
- contingency requirements look set to fall
- revenues look set to increase (commodity price increases and new products identified
- on the back of these variables an NPV increase to over $1.1bln seems like a fair bet

in contrast, a share price which is reflecting a general sentiment leaning towards the project being non-viable - which way will the gap close? I think some people call this an 'opportunity'.

ps, I think the opening poster is missing the 'h' in his HC nickname.

out for now