What I find interesting is that Freight to China is back to pre-pandemic levels so in reality they could pivot back to DSO shipments as per the original PFS. Minimal capex etc.
Whilst I understand there is a premium they want to get but with 100 year mine life etc what is the point. All us shareholders and Board will be long gone by then.
I don't understand why they wouldn't just begin with DSO now for cashflow and minimum capex and start building some $ in the bank for the capital expenditure. Easier to get funding also if we are generating cash.
Ann: Quarterly Reports - September 2022, page-29
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