Emu24, Understand what you say about ALCOA'S global finance situation.But Warro is not an expansion but a future proofing of their West Aust operation(has been operating for over 30 years),and development of gas field so close to Perth is hardly in the high risk category.As Donga pointed out they still will be selective with their developments.As for return on investment The Warro income stream could come on line very very ... quickly.We all know energy prices are not going to get cheaper and Alcoa is a big energy user.Not as though if they don't use the gas,they won't be able to sell it.Approx 30 year life span of gas field makes for more than handy profits here.The gas field is really not speculative any more they now know they can get the gas out.Delay is rolling the dice on relying on Nor-west gas supply...imho
TSV Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
