Ann: Preferred banks shortlisted as financing process advances, page-9

10 reasons why this project has a whole lot of potential:

1. EBITDA of $68m per annum over the first five years with production to start in 2027
2. Post-tax IRR of a massive 26.1%
3. Very low CAPEX of $304m with costs falling (i.e procurement cost to be lower than initially expected)
4. Payback time of less than 6 years
5. Banks willing to provide project financing
6. Conformation of all financial assumptions made by FHE
7. Permits and approvals in place. No native title claims on land.
8. Access to gas and water pipelines with agreements already in place
9. Not 1 but 2 connections to WA’s electricity grid
10. None of us should be surprised it was named best underdeveloped renewable energy project by ResourcesWA

There is a lot to like at the moment. I share your excitement Moon Walker.