One way to look at the value to CUL:
Ref AQA DFS 5/7/10 - production of 30mtpa for 12 years with a Project NPV of $2,200,000,000
CUL share for Stage 1 1.5mtpa which gives 1.5/30*$2.2bn = $110m which equates to $110/623 = 17.5c/share or $110/12*1.5 = $6/t
Recent sales have been for a lot less than $6/t eg Flinders but once the project DFS is in place and funding is arranged it seems to me that the value increases significantly towards the NPV - but that maybe some time away. The trigger as I see it is AQA decision to proceed.
One way to look at the value to CUL: Ref AQA DFS 5/7/10 -...
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