Sayonas long term success will come about when we get clear info and a definitive plan from the BOD as to when and how quickly we are proceeding to the carbonate processing.
For goodness sake spike have you actually considered that untill we have the DFS for the concentrator at MOBLAN and studied the implications with ourJV partner around the NAL refinery they are not in a position to say anything meaningfull around timing. There was nothing in the strategic review that said we won't be proceeding with either project just an indication the may go down the supply only route with MOBLAN, the expectations around here beggar belief. These projects are expensive and complicated.
There has never been any real expectation of any FID on either project untill next year , at the moment priority is the NAL concentrator and you have been told what is being done there. There is a huge amount of work required , especially regarding finance, before any decisions can be made around these projects...in fact work could start on the NAL refinery at the end of next year and still fit in with existing timeframes.
Unless they come out and say we are not proceeding with either project assume they are still proceeding with both in some form but under a considerably more difficult price environment which may eventually push dates out, in fact they mentioned that timelines for MOBLAN are still under review...
It's unrealistic to expect anything meaningfull around either project this year IMO..
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