RNU, needs a whole heap of capex and current market prices for their product don’t warrant anyone providing it. Seems to be reliant on Govt subsidies/support and EFA due diligence concluding that it can be profitable. Will the EFA use the industry expert forecasts that Skills is a fan of or will they use market prices or will they need binding take or pay off take agreements with firm pricing included in the agreements. Already delayed and the much touted BAM downstream facility seems to have been delayed even further, perhaps due to weak spherical prices making its capital cost unjustified.
All in my humble opinion.
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