RE:RE:June investors presentation posted at ALAWalter, I did some estimates for RIPET profitability. Currentlt propane (Edmonton) sells for about $US0.45/gal or about $US19/bbl. In 2018 it averaged 0.50/gal. There appears to be a distinct seasonality with it being about $US1.00 in winter and about $0.45/gal in summer. This covers all upstream cost and profit for upstream operations including drilling/exploration.
You quote $US17.60/bbl as being the cost stated in the presentation for essentally all costs from Edmonton to Japan.
Currently, the quoted price for imported propane to Japan is $US 10.27/mmBtu or about $US63/Bbl.
The margin is 63-17.60-19=$US 26.40/Bbl. This is hudge, in my opinion and undoubtedly there are additonal costs. Does this not guide us towards a revenue of $10-$15/Bbl ???