Urea is $1000/t and going up. They might be able to still sell...

Urea is $1000/t and going up. They might be able to still sell the hydrogen. If urea prices stay high they would be making huge profits and the remaining 30% could be funded by offtakes and/or more debt. Fortescue metals in 2006 were able to raise over $3b to construct their facilities and I see similarities here. The South Korean funding of $1.5b is massive and a smart deal since those funds will be going back towards a South Korean company company doing the construction, engineering, commissioning and finance, all in one contract. This has to be one of the cheapest companies on the asx, with a NPV of $3.4b at a urea price of under $400.