Hi Hauler, The plants will have a nameplate capacity of 2mtpa and are expected to run at 1mtpa initially. So, 2mtpa is a 24/7/365 operation I guess.
BFS' are based on the 1mtpa scenario. My personal expectation is that once commissioned, and any production/logistics kinks are worked out, say 3 months, the plants will ramp up to full capacity. The company has certainly not indicated this in anything I have seen, but if the massive interest they claim is true (and I think it is) then I can see them being pressured by buyers to increase production. Who knows, in that scenario, they may even be able to charge a premium rate?
I don't think that any ramp up would head straight to the 2mtpa as they would likely want to keep a little capacity in reserve for downtime and such like so they don't get caught short on delivery.
As I have said, I am the only person banging this drum, so I might be having a massive wishful thinking fit. But it seems an obvious progression to me.
GLTAH
VRX Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
