major milestone coming, page-47

The supply is only guaranteed for the 20 year term of the offtake agreement if the plant is trebled or quadrupled in size, which will require in the region of $1bn. Which $1bn will not be available for dividends, but is still within the scope of WM's promise none of Rocklands profits being spent other than at Rocklands.

So OW will remain happy, 'cos they still have their supply. From OW's point of view, Rocklands is a win. Why would they care about the rest? Win-win, win-lose, OW are always the winner.