BUL producing before AVZ? Quite possibly. By the time KV is at steady 4mtpa they'll have BUL close to market to bring in another 2mtpa.
So quite quickly they'll go from 4 to 6mtpa after what feels like a slower 2 to 4mtpa. The financials they presented yesterday aren't for LTR, they're just for one project, so revenue will a lot higher by 2030.
Tim G's got FMG's business model in his head, and it looks like we'll do in lithium what they did in iron ore. Just slot a new advanced project in just as the current one's settled in at name plate output and grow as demand grows.
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