Assuming that the way forward is Odin-2 then whats the cost to bring it online?
Odin-1 was about $4.5m so I assume Odin-2 would be roughly the same? However the Odin-Vali connection needs to be upgraded before Odin-2 can start producing. Does anyone have a rough idea of that cost?
As @boysy1 said prepayment could be one way forward. Otherwise, if the issues with KBC are resolved we could possibly fund our 25%.
I'm not ignoring the fact that we don't know Odin cashflow this quarter yet and we still have potential issues with KBC. Either of these could spoil the Odin-2 party. If they are resolved though MEL's position improves significantly.
For those who also hold VEN how are they travelling? Would they need to CR to progress Odin-2 or is prepayment/debt an option for them also?
MEL Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
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