"Strategy allows operational readiness to be maintained to ramp production as manganese prices recover"
From the September 23 quarterly. So are they operationally ready or not? They have still been processing ore until recently so the site isn't completely mothballed.
The extra kick in the teeth is per the original feasibility studies we should have been reaching the 1MT expansion in 2022, presuming operating at capacity sometime in late 2023. Would have been positioned well to capitalise (butterfly effect and all that).
Considering they never could get stage 1 to nameplate I'm not sure if it's profitable even at inflated prices with further increase in transport and restart costs.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-17
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