Wrong again SC
PH shook hands with the PM for the announcement, he has EVERYTHING TO DO WITH THIS.
His reputation and face is at stake.
PBT are doing PHs bidding and will have to pay the POS piper.
PBT have to do what PH tells them to OR ELSE.
PBT dont have $1 of it and have to sign JV deal and joing account with joint approval spending process with Govt supervision.
The deadline of 31 March 2024 is REAL, a condition of funding, it means POS plant has to be working and producing to a 20ktpa level by then with cobalt credits & Manganese feed also.
Thereby we now know that POS production will be 20ktpa by 31 March 2024 at LEAST
This ties in with PH statements the last 18 mopnths of 15-20ktpa targetted production.
On current NP thats aud$690Mpa - aud$920Mpa
or an EB ITDA at HIGH MARGINS of $400Mpa - $550Mpa
Thats a massive income earner on its alone and with the refinery that escalates even more.
Maybe thats why BMM AF AF sold down as they have lost control of the ore & their little foolish games to steal LJ and get the offtake cheap failed miserably.
Either way POS is in charge imho.
Your claims to the contrary are RUBBISH.
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