I agree with the Veolia comment. Makes the most sense and their...

I agree with the Veolia comment. Makes the most sense and their recent acquisition of Suez shows they are interested in acquisition.

Hard to say what a fair price is. To simplify the answer, Parkway could licence the IP in the application of CSG brine treatment in QLD/Australia to Veolia and a fair value here imo would be 50 mill upfront with 5% ongoing royalty or something along those lines. Upfront cost goes up the more we show scaling works. I wouldn't hate this approach as it would enable Parkway to venture into other markets internationally.

I wonder if Veolia or other would approach for a takeover or otherwise once it becomes more clear that the parkway method is the only option for QLD players. I would like to add that like-minded NT and NSW governments will be pushing for the same in Betaloo + Northern NSW where Santos is aiming for.