In that circumstance, we'd likely be looking at $25mn-$35mn...

In that circumstance, we'd likely be looking at $25mn-$35mn revenue a year including our Bouldercombe battery.

Morgan's model the 'bear case' in their reports, although they've yet to factor in Como.


In this scenario, K2H, K2S, & K2W become options for purchase or pipeline projects. Hillgrove were offered $34mn for Kanmantoo by AGL before the deal fell through...our site is similar but the project is far more advanced so I'd expect valuation above this.

Regards,
Jeremy