bochmananother thing to remeber is AED will be funding only 40%...

bochman

another thing to remeber is AED will be funding only 40% of the development costs .. so the $50 mill will represent $125 mill of overall development.

that's a sizeable development.

And the $24 mill per annum interest earned will support $60 mill worth of development/annum.

in other words over 5 years it would support AED's share of $425 mill worth of development.

The $300 mill can theoretically stay in the bank.

that would be a fantastic outcome ..close to the current market cap may stay in cash .. and keep earning interest.

another way to look at it is AED may have 40% of a valuable field for little or no cost.