Ann: DSO Feasibility Study Delivers Strong Financial Results, page-8

Need to dig deeper into the detail however first glance.

Great to see management delivering on what they have been talking about - DSO as a simple profitable operation.

Interesting they are only using it as a short term mechanism to fund LFP. I thought they'd do a longer DSO for cashflow.

Management have previously said offtakers for DSO will be very easy so I'm not worried about that.

For me the question is the probability of LFP. I respect management going after a more profitable downstream venture than wasting it's phosphate on DSO.

But will it eventuate. Interesting times.

All in all, great news. Another box ticked.

I expect offtakers to be announced by December.