gearing?, page-15

Thanks Faking,
The straight line assumption and yield based valuation is for the purpose of simplification. I do think your DCF is way too high though. Suffice to say that if numbers came in at 60,000 or even 50,000 then post 2/3 years operation RCY is a milking machine capable of paying a very good distribution for a very long time.

I see that the river crossings at Captain Cook is 140,000 and Story and Gateway about 100,000 each.

IMO 42,000 a tad too conservative.
Hopefully 50-60,000 not too much to hope for!

Cheers,