So your 20c is just for PNG on required $130m FID payment. Rethink it at approx $1.00/SH.
Beibu chips in almost as much but more valuable is it provides funds to acquire, pay off debt or invest in plant in PNG.
OR combinations of the above.
We will see HZN as a much bigger entity over the next short while. Capital is not the only way to pay off debt. Clever expansion works well and creates more SH wealth IF successful. This low point of the cycle is available for HZN to drive strongly into.
A business man's dream IMHO.
AIMHO
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