Ann: Mt Cattlin Resource & Reserve Update, page-53

IMO some are making a critical error of simply assuming that the current market conditions will continue until Mt Cat ore is fully depleted and all sold.

How about considering an evolving price profile in line with what is likely to unfold on the demand side over the next 4-5 years?

History tells us that when demand heats up, the supply struggles to keep and prices increase significantly. Sure, some extra supply capacity has since been built in to various operations, but we also must consider that the next wave of demand increase will be much more of a main event than we saw a few years ago. Approaching EV price parity will drive a big demand push soon enough imo.

IMO, Mt Cat will be generating more serious profits again, starting within the next year or so. No big deal, we aren't Robinson Crusoe in our suffering on that front. Cover costs for now (which we can do by simply selling whatever we produce this year, even if that is far less tonnes than last year), then push on as prices recover.
THEN, we use Mt Cat profits to feed further SDV development. Simple. We don't run out of ore next year. Think longer term and examine reasonable demand/pricing scenarios!