Isn't one of the main reasons for the increase in CLQ Capex because they are now upgrading key plant items to allow more plant throughout?
Isn't the plant upgrading required to achieve those new higher Nickel and Cobalt production figures CLQ want to hit in the first 10 years. 'Focused' My take also is in this 10 year period would be when Nickel and Cobalt prices should be at at their premium prices per pound...due to the building high need of these resources and even the potential shortfalls of these resources.
Simple isn't it - Upgrade plant to realise profits/tonnage faster and at the best price.
Which in turn means CLQ has bulk cash faster, profit faster then can grow into other ventures faster.
I don't have an issue with the increased capex as there is a plan!
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