Did you say the $120 m is a for both projects?? If so, please reference this information.
To me that is absurdly low, I am virtually certain the $120m is for the PV project stage 1 only.
Hello fellow engineer. The other consideration is the debt to equity ratio and the equity raise price (or alternatively the reduction in earnings if a % stake is sold for equity). Dilution very quickly erodes earning on an EPS basis, be cautious.
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