The scoping study notes the location as being something still under consideration. With both EGR and RNU having managed to get conditional export Australia funding (and significant sum's at US$40m and A$185m), what is the probability of E25 following that same path - major project status then Export Australia funding?
Major Pro's - Reduced shareholder dilution to fund the project. Recognition as an important project nationally for Australia
Major Con's - Site locations are restricted to Australia. Possibly more red tape to get through to secure the funding.
One of the previous barrier's to applying was needing to supply cost estimates from feasibility studies. E25 didn't have a feasibility study. E25 now got a scoping study and a feasibility study is in the works. The capital cost threshold of A$50m is clearly met at circa A$200m capital cost. Export benefits, Jobs etc would all be met from an Australian location.
E25 Price at posting:
$1.35 Sentiment: Buy Disclosure: Held
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