Assuming 20% impurities, so 4.8mmscfd of sales gas...which equates to around 5.09TJ/5090 GJ per day:
Processing costs are unknown, especially with the rented equipment, but I can see them netting around the $8-9mark. I think 65 day online is probably fairly reasonable in the early days....so could be looking at netting something around 6-800k per quarter. I'm not sure what the debt repayments will be, but I see them roughly breaking even prior to any remediation work. The upside is clearly if contract pricing is higher than expected and/or processing costs reduce with scale....that would push things to the right of the table above.
MEL Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
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