The shallow draft barges is a $44m capex project and without the main BBM project, completely unfeasible. This should not be seen as a near term solution to the recent barging issues. The development of these barges would happen under a significant JV, and would only be considered economic with sizeable shipping volume from BBM or the JV project economics itself would not stack up.
Building a road to the ISP is also not really a viable solution - this is just as costly given it's all jungle. Expanding the ISP stockpiling capacity and planning by having a buffer of product to move in the dry months is the realistic workaround here.
CKA Price at posting:
4.4¢ Sentiment: None Disclosure: Held
