Ann: Annual Report to shareholders, page-4

$170 000 000 over budget for an operation that is
not going to be capable of producing name plate

they need 800 hectares of pond surface to produce. 190 ktpa the remainder being imported MOP for 245 KTPA

IMO it is a lack of brine hence the FT to the paleo channel
or the EPA as rumoured has put a stop order on any lake development or as it suggest the local NT party has stopped on lake development

the Fact is they are 400 ha of pond surface short and two years of evap to catch up after construction .
construction begins after aproval ??

there is only 300 mm of salt in the stage one pond which came from the whilliamson super pit
there is another year of evaporation to get a floor and a harvestable depth
This is the first time I have ever heard this being referred as stage one ??
no wonder the offtake is not binding