Don't forget the $1.7B is only 'first cut' though.
With Hyundai having first crack at EPCD costing, my bet is that they will hive some pretty hefty slices out of the overall costings and run those sections/processes themselves or through a subs. I'd have to go back through my notes, but from memory my thoughts were that energy costs/infrastructure was likely to be separated out, as well as one other major cost unit (as I said I can't remember the detail now...). My view is that ASM will only be required to come up with some smaller part of the $1.7B (still hefty but more achievable for a coy of the size of ASM), through equity, debt, and 2 x Govt grants/loans.
Mind you, at a SP of $14 would have been a sight easier raising that sort of coin!
ASM Price at posting:
$2.35 Sentiment: Buy Disclosure: Held
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