so is this about right? current contract for gas in WA are about $7 a GJ which equates to $7000 tj. Say 25 tj/d and tpd share of 45% and that's roughly $29 million income a year tpd share? Obviously there are costs associated with that. Does anyone know what sort of margins they might make after costs? Even at say 50%, it's a relatively large annual profit. Would expect a decent rerate on the back of this.
TPD Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held