I’d never suggest the LTR management set out to deliberately mislead shareholders - accidentally perhaps?
The nameplate production according to LTRs own website is 500ktpa of Spodumene Concentrate.
You are referring to 3mtpa and the expansion to 4mtpa which is not “nameplate” production - it is simply the amount of Ore being processed.
As per the attached from LTRs own website - the expansion nameplate (700ktpa Spodumene Concentrate) was supposed to be achieved by “year 6”. This has now been deferred/scrapped.
So - my original question remains - when will LTR achieve nameplate production of 500ktpa of 6% Spodumene Concentrate given that the expanded plan was supposed to be achieved year 6?
I think you may find that IF the funding is approved it will be tied to very specific usage cases which themselves will be linked to key project milestones/deliverables.
Cheers
DYOR IMO
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