The Green Ammonia capex estimate was Euro 432m (A$718m) and that's +/- 35%, expect 500m A$830m Part of that is for explosives which is not our field. Makes perfect sense to take a partner on with the GA project, no way can we finance $830m without a partner. Same applies to P4, if we're lucky we'll be a minor partner in that project.
Agree though, I think we should keep our 85% of the phosphate project, I have no problem with accepting a strategic investor as a shareholder, even if they get a Board seat.
MNB Price at posting:
9.2¢ Sentiment: Buy Disclosure: Held
