Overall, Premier is now looking beyond Solan, Capex and Opex keep falling and the firm could be FCF positive from 4Q16. The E.ON UK portfolio continues to prove better than expected (even than Premier expected). In particular Premier is providing much more detail on Tolmount that could become not only a new major hub but also the next engine for growth following the start-up of Catcher. Tolmount offers 30% IRR and is commercial at 30p/th. We are currently not carrying any value for it, which
