good point, I think your gut feel might be on to it here. It’s been a long wait! And theoretically it should be able to run, there’s still a lot of good announcements to come!
as identified though, may still take a few weeks to sink in with people waiting in the wind.
if this is the agreement with dailem I would be very happy to see some more commentary about progress of FEED/BFS, given dailem knows exactly what updated project economics are, it might be a taste of what to expected. I spent a bit of time in the weekend doing some project modeling calculations taking into consideration urea price variations, dilution etc. and even with some unfavourable assumptions regarding dilution interest rates, CAPEX lending increases, the business case is extremely compelling!!!
GLTAH
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