Good News & Bad News, page-11962

I posted this the other night from their 2020 Annual Report - but not really any comment.

What do you know dfs1, or anybody about this. ?   An additional 500,000 tons PA - quickly, easily for just $300m or so. Completely and utterly NOT build into the SP.

I don't necessarily want to question the company - but anybody got anything on the suggested technology proposed here.  See the part I have highlighted. If this is all correct (I am sure it probably is).......an additional 500 k PA for just $300m or $350m from that location, in 9 or 12 months, you would think NPV of probably what the whole company is worth now.

So anybody / anything intelligent please,  on this specific plan of expansion for their current plant.
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PHASE* INCREMENTAL CONCENTRATE CAPACITY (kt) CAPEX (+/- 30%) (A$M)
1 100k $60-70m
2 40-50k $20-30m
3 330-370k $140-150
Total 470-520k $220-250


Timing is ultimately subject to customer and market requirements. A separate Final Investment Decision (FID) is expected to occur for each stage. The study work undertaken during FY20 included further metallurgical testwork to validate mass-flow and process design assumptions for varying ore types and included: • the use of mass-rejection to discard lower value ore early in the circuit, with the aim of both reducing production costs and increasing coarse-concentrate yield; and • utilising latent equipment capacity in the existing circuit to increase production output, thereby lowering the overall capital cost of the expansion. The results of this testwork concluded that an incremental expansion for Stage 2 can be achieved, thereby avoiding the need for a full duplication of a new circuit as originally contemplated by Pilbara Minerals. A phased expansion provides several benefits including reduced upfront capital cost to deliver the first phase of incremental production tonnes to customers, with subsequent phases of the expansion to be aligned with customer requirements, ensuring maximum flexibility and reduced capital risk.