Ann: Waroona Project selected for Capacity Investment Scheme, page-4

I'm back in today. Wish I'd been confident enough to be holding last week but I wanted to wait for some de-risking. IMO this step as good as guarantees the project will go ahead. The government backed revenue stream this represents should lead to financing from regular bank lenders which are likely to given better terms than other sources that were under consideration. IMO, now that I'm pretty confident that the project will get financed and built, I'm comparing the market cap with DFS NPV and future EBITDA and the share price will liley be multiples of current.