RE:RE:RE:Port value? waitingstill wrote: The last I heard it was $21 million.
I looked into this a couple of months ago and I think they have actually spent about double that so far, in the neighborhood of $40 mil invested. The price to complete it is 80 million from the original budget back in 2019 (this may have gone up due to inflaation). So looks like it is finally operational, but still lots of work to do.
As for WCPs question about the valuation, this would be impossible to say at this point, at least with the info CGX has shared. This will become more clear as the quarters pass by and they report the costs to run the port vs the income gained. No way to hide this (legally). If they were smart (big if) they would be publisizing every big contract they get to use the port as this will only help the share price. At the end of the day though, the port is not a sure thing to make money. If it is mismanaged it will lose money and be a detriment to the share price. Run well though and it has the potential to transform the company.