The only real clue we have seen so far is Guilio stating the sale of up to 50% of the project would fund our equity part of the deal, and he has stated that funding would probably be 70% debt and 30% equity.
Therefore: Capex $4.8b = $1.44b equity + $3.36b debt. 50% share of equity = $720m sale price.
Lot's of variables though, could sell lessor amount of project for same price or higher i.e. sell 40% for $720m/$1b or hopefully higher.
No idea if the governments contribute at this level.
Best outcome for us of course is sale of a less than 50% share of projects which provides enough for our share of the projects capex PLUS more cash for our kitty.
All will be revealed shortly hopefully!
JR
SDL Price at posting:
37.5¢ Sentiment: Hold Disclosure: Held
