re: News: Westside Corporation present at the...
"...$1.7 million dollars per DAY !!..."
if we were doing 60TJ/d thats 60,000gj/d at $8/gj = $480,000 p/day x 51% = $245,000 p/d to WCL revenue.
the $1.787 Billion is over 20yrs.
so WCL would be earning revenue of $89.4m p/a. Costs of production at $2 gj means WCL Gross Profit of $67m p/a before you take out depn, interest , admin etc.
So you would think WCL would net at least $50m p/a ?
SO that makes the LNG offer of $188m for the whole coy pretty miserable imo.
$188m for a coy which may well have $89m revenue in a couple of years? Bargain!
WCL Price at posting:
35.5¢ Sentiment: None Disclosure: Held
