Ann: Leo Appoints Lycopodium to Progress Goulamina Stage 1, page-6

They were talking about Lycopodium being the preferred EPCM contractor back at the FFX AGM, the Paydirt presentation last April said they were doing the EPCM. Wonder why it took this long to officially announce it?

Good that Earth Works started last Month - things will start to take shape.
I wouldn't be too worried about what seems like slow progress with Engineering & Design at 37%. Even when they start commissioning the plant it won't be at 100%, just needs to keep ahead of the construction activities.

On a different subject, a few posters said we should update the DFS because of the higher prices.
I think you need to realise the DFS is a tool to make the FID, possibly get finance etc. We've done that and are under construction.
Whilst I understand it is used by brokers etc to value a stock, now we're closer to production our valuation should now be looking at planned profit. For example Core isn't valued by it's DFS, it's valued by how much money they'll make next year.

Albemarle for example are valued at about 9X EBITDA, Livent about 7X
In @petere 's post, I think our share of EBITDA came to something like US$1b on his figures, so when in production our valuation should be a multiple of that. Even a conservative 5X gives us a valuation of US$5b.

In theory our market cap should rise from our present market cap to the above figure (or whatever multiple you think is appropriate) when we're in nameplate production - mid 2024.