SRL 6.90% 27.0¢ sunrise energy metals limited

First Scandium mine in NSW given approval, page-28

  1. 5,336 Posts.
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    do you think that smaller scale option is still live if required?

    just because they have now come out and put some meat on the bones of a larger plant which has better overall parameters (you wouldn't do a theoretically worse project), surely the smaller option is there if required. With close consultation with potential offtake companies and Friedland/Riggal no doubt having ongoing dialogue with potential sources of finance, you don't think they are making these go forward decisions with eye wide open?

    So either way I skin it, seems like they move forward with the larger plant all the while the smaller Sc focused plant could be a fall back, they both could be viable paths to a FID

    I drew confidence from the Aus Super investment, I'm sure they looked under the bonnet and had a quick chat to the team in order to justify putting in $13M@38c
 
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