The feasibility studies suggest Ingerbelle is the more economic project and it has lower upfront capex so it makes sense to do that first. Use the cashflow from that to help fund Eva, which has a much higher upfront cost and much lower IRR.
That's before you even consider that the Eva feasibility study will probably underestimate the true costs, as greenfields estimates nearly always do.
The feasibility studies suggest Ingerbelle is the more economic...
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