ASM have stated that they aim to lock in finance for Dubbo by 1H 2023.
This would most likely be from a mixture of equity, debt, government, and a cornerstone strategic investor.
If that timeline is accurate, then that blows your idea of multiple plants out of the water.
Also, lets say to build and commission a new plant it takes 2yrs (judging by current KSM plant timeframes). Then you throw in how do we fund multiple plants? Then through in how do we secure feedstock for multiple plants. Then throw in how do we pay for the feedstock for multiple plants?
ASM Price at posting:
$1.49 Sentiment: Buy Disclosure: Held
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