Malaysia Gov. to spend $36 BILLION On LNG Pt. Prince Rupert Malhttps://money.ca.msn.com/investing/news/business-news/malaysia-touts-dollar36-b-lng-investment-in-canada-1ayasia makes the biigest ever forieng investment in Canada..
https://ow.ly/pxJ94
Mayasia, just topped China (NEXEN $15.1 billion + $2.2 Billion in B.C. Nat.Gas reserves) with $36 Billion to bring and export LNG from the Port of Prince Rupert.(72 miles by barge to HBK "Swamp Point" depoist.
Fun Facts
HBK shipping delivery cost to Pt.Prince Rupert $6 ton...Trucking cost from nearest Quarry (current) $17.50/Ton
HBK has Made a 100,000 ton commitment with West Frazer @$22.50 (as reflected in 3 year cash flow projection on their Website)
. Current pricing in the Port ranges from $30/ton for "Schist,noncement grade aggregate" to ..$50 - $85 per Ton
HBk Biz plan is to quarry 250,000 tons in the first year..HBK cash flows are based on $22.50 but this announxcement bodes well first PROFIT IN THE FIRST YEAR OF PRODUCTION...What Resource Company can make that claim?
IF Petronnas is spending $36 Billion to pump 1 BCF a day How much will EXXON Spend to pump 2 BCF a DAy from Grassy Point/Port Simpsom just 38 mile (by water) to HBK/Swamp Point