Can I be super lazy and ask what the DFS for stage 2 stated for construction and commissioning costs? At this early stage and with Primero’s input it looks possible that stage 1 might be good for significantly more output than the 220,000tpa nameplate. Might stage 2 be similarly higher performing than predicted, indeed you’d expect that with all the lessons learned from commissioning and optimising stage 1 that stage 2 should be cheaper, quicker and with fewer hiccups?
I still wonder if the better long term strategy is to run slowly and near profit/cost neutral to avoid burning through the ore body at low spodumene prices and only deliver stage 2 when the spod price recovers for the expected demand surge from all those gigafactories coming online.
AJM Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
