Ann: Trading Halt, page-120

Giga, At last something that helps to contribute to the debate. Thanks

Well the NPV of the MCB project alone is AUD 650 million. (From the companies June 2023 presentation. Before approval.)

Pre finance: I am no expert, so using your metric 0.2 x 650 = AUD 130 mill. Or discounted for Philippines 0.1 x 650 = AUD65 mill.

So port finance I guess we go to AUD 650 million. Or a Philippines discounted version of AUD 325 million

And that just is for the MCB project!

Doesn't include Sagay, Botilao or Opowo. All potential stand alone projects in their own rights. Sagay the most likely imo.

Current MC AUD 30 million. I’ll let you do the maths.

I think the risk versus reward profile looks encouraging to say the least.