RE:RE:RE:News, so it beginsIt will certainly be interesting to get the updated quote from the revised FEED. The initialy quoted price of $400 to $500 million has likely suffered from inflation; however, material costs seem to be coming down. My sense is that this is an $800 million project.
Great to see the strong interest in the offtake agreements.
I would like to understand how CPS is going to be able to pull this off given that the current market capitalization is $33 million. The good news is that the Management is aligned through its ownership and they have some smart people like David Wilson on board. Because of this, I am a bit less worried about my equity dissappearing entirely from dilution!
If this goes right I think it will be a homerun. From a downside perspective, I think that if they needed to sell the company there would be a decent list of prospective buyers.
There is no doubt in my mind that the world needs to stop relying on China for solar panels.
LR