Lol ... professionls slugging it out through the wee small hrs.
The ASX announcement of Aug 07 gave the following guidance ...
# 40MW ... cost to Cougar $55mill ... at a 60/40 debt/equity the expected $5mill annual profit represents 17% IRR
# 400MW ... cost for Cougar's share of the upgrade $113mill ... at a 60/40 debt/equity the expected $35mill annual profit represents 47% IRR.
The larger project requires an owner operator as Cougar only wants to be the syngas producer/supplier.
As I said over the weekend, imo this is a good, scalable energy business that wouldn't be overly difficult to roll out for decades, adding several new projects around the globe every yr.
That a small 40MW project is profitable is amazing and a promising indicator for the larger more efficient projects.
Cheers
Dex
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