lng snapshot, page-8

Good stuff accaeric !
Will the financiers require another equity contribution for phase 2 ? or will the end valuation of phase 1 mean that phase 3 will be 100% debt funded.

The cap rate of 10% you have used is of course very conservative. The actual cap rate for valuation purposes for such a solid infrastructure project would of course be much less.

Hard not to get carried away but the market is waking up to the potential of LNG as a solid infrastructure and technology stock with low risk and increasingly stable returns. With the inevitable new projects to be added and probably on even more favourable terms than Magnolia (as LNG's technology is established) its not hard to see LNG as a $10 plus stock over the next few years.