You're right @piwi33; my initial thought was Q2/Q3 CY was a typo (albeit inconsistent with the team's standards) and it is FY23, which would align with whispers of financing being quite advanced & SG saying early CY23 construction in recent preso's.
Would have liked a breakdown on the indirect costs, being the third largest component, cut c'est la vie.
Hoping the HPA demo plant kicks off shortly and then we get clarification on if internal processing is a go, and not just 4,000t output in Stage 2, as this would boot revenue nicely. Look at the LavaBlue website and its an out of date mess; they've received over $5M in Critical Minerals Accelerator Initiative funding for vanadium processing - let's hope they devote sufficient resources to QPM's project.
Assuming FID and construction start are aligned, then Jul-23 is a more agreeable period for the capex re-calculations to show an appreciable reduction from their peak-inflation point. Lansdown access and supporting infrastructure would also be further progressed and allow for a smoother start up on site.
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