A cynic would say that this update was timed to coincide with the sudden hype around renewables sparked by Elton Musk's offer to SA re batteries. But there is in fact some very interesting new information here. Great to see the photo of the 52% completed substation, Plus "The Project remains on budget and on track for First Generation in Q4 2017 and Practical Completion in Q1 2018."
Plus the back-data modelling for Revenue and EBITDA. I'm looking forward to greater minds crunching the numbers. (And if they do, I feel that expenses p.a. must be more than $3M.) It must be possible to estimate depreciation using standard discount rates.
GNX Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
