I would disagree with this view. Any major would see the fantastic opportunity there - massive optionality on the cheap. Money is def there for quality projects… What’s key at this point is the prospectivity. Why did WDS walk out ? Their analysis of the project’s quality or politics ? If the prospectivity is in doubt we’re done. If PCL can be convincing enough on the geological opportunity and the market believes WDS walked out for non-rational reasons (ESG, coming m&a etc.) the majors will fight for the chance. Again, dirt cheap optionality !
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