Maybe the market (when sums are done for the first two trains only) will see that the real cost is not $440 per tonne it is more like $625 per tonne if the company's expenses stay at the $500 million. This should help when trying to not overlook anything. It would seem then that they need to get Magnolia tolling agreements in place for the whole 8 mtpa so they can achieve the low cost advantage from the get go or be behind the eight ball by only trying to create the first two trains to start with. That would not seem to be nearly so economically viable to me. I wish that press comments company announcements would spell out these differences. Otherwise it is bordering on being misleading to us average punters. Heaven Forbid!
LNG Price at posting:
$2.29 Sentiment: None Disclosure: Not Held