LMG chart and Mg price, page-29

Thanks for your insights Ken.
The next 12 months will be eventful. The LMG share price won't be so governed by the market, rather it will be governed by the sequence of upcoming events.
1. Commissioning completion of the Demo plant
2. Ingots production from the demo plant
At this stage we should have confirmation whether the process works at commercial scale and the extraction efficiency. If it works they can begin forecasting revenues for the 10ktpa and 100ktpa plants. In addition the quality of by-products for market testing. It will also be where the share price should see some significant uplift. We may even see a new larger figure in the LMG revenue line for 2023. I would also expect a capital raise if the demo plant is a success.
3. Announcement of investors for the 100ktpa plant
4. Design and construction for 100ktpa plant
They have set up a subsidiary company for the Malaysian plant and Peter Church while appointed to the Board of LMG is also the Chair of that subsidiary Latrobe Magnesium Sarawak Sdn Bhd. He needs to get his act togethering and formulate his team to secure investors and design for a potential construction date - he shouldn't be wasting his time so much on what's happening in the La Trobe valley apart from his duties as Director. The port can handle up to 7M tons of ore and being expanded so could handle up to 18M tons. If they can at least get 80% extraction efficiency, when you multiply by the Mg price or futures price it will be a very big revenue number.
5. Construction plan for La Trobe 10,000ktpa plant
The Board can let senior management handle the demo plant and focus on the 10kta plant and in fact whether to build a larger plant if they can raise the funds.

The main risk areas are
a) if the demo plant has commissioning problems causing delays
b) if the extraction efficiency is under expectations
c) if product and by-products quality is compromised at commercial scale.
d) no communication on the 10kpa plant assuming the demo plant is successful
e) no communication on the 100tpa plant assuming demo is successful
f) I still have some concerns about the Board - I think we need some sharper tools in that shed.

if a), b), c) are good and d) and e) happens then we will see the uplifted share price gradually fall for similar profile for the last 12 months.
On the other had if these risks are mitigated with good communication and progression I think the share price will be well over $1 by 2027

Just my thoughts/dreams. It will be a bit of a roller coaster but I will strap my self in to ride the peaks and troughs.