Yes, capital is limited, but afaict there should be adequate income to cover our planned development/expansions in 2024-2025-2026.
Even at $15k/t, the ebitda estimate for 2024 is over $400M
Here (lower table) is the planned capital expenditure for 2024-2025-2026:
Also, note that we have a $500M-$700M credit facility available.
And iirc, we have circa $500M in the bank.
The company recently stated
“we remain confident investing in our highly attractive assets throughout market cycles”
… and I see no reason why they shouldn’t be.
Imo it would be unwise to hit pause on JB - would that mean disband the Galaxy team there and hope to rebuild it in a year or three..?
I’ll comment on supply/demand in a separate post.
Just food for thought btw!
Cheers
Imo
Dyor
Yes, capital is limited, but afaict there should be adequate...
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