The amount of money WES is earmarking for the new mine is mind-boggling.
Apart from the purchase they paid for KDR, they now have to outlay $750m to build that mine.
Imagine if KDR had to raise the funds themselves?
I think AJM's debt amount is actually a bit like Bootstrapping. And now the only new miner amongst peers making regular sales.
A bit of perspective should be employed here.
Disclosure: the $750m I picked up from somewhere.
Ann: S&P DJI Announces September 2019 Quarterly Rebalance, page-6
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