Yes indeed its all about profit. If the MOP was not adding profit over the increase in opex then they simply wouldn't do it. Any way you look at it, it fits the project. I don't follow your thoughts on the 200-250 capex. If the MOP was needed to bolster the bottom line then that would be concerning, not turbo charging if i'm reading you right. As this stands they have a viable project without the MOP. MOP is adding to the project. Peer comparison is all well and good but at the end of the day projects that stand up on their own be it smaller or larger than peers get funded. No guarantees of course.
APC Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held