G'day
I read somewhere they will have to raise $44m for the BFS (I assume they share that with JV partner?)
The deal requires SYS putting "at least" 15% of funding costs which are currently put at $3b so that's at least $450m for sys. On their figures they would get about $80m profit per year. I'm shocking at Funnymentals but if you add the bfs and capex to current market cap gives you around about $500m market cap and income of $80m (maybe in years to come if all goes well) Or a pe of around 6.25 now with income still a far off dream. This sounds a little more realistic than saying - current market cap $6m and potential income $15.5b
Does it not?
cheers
Rod
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