As expected there is no grand "vision" or change of "strategy" it remains the same as it was, the focus for FY25 is the current operation as it should be IMO , it's the only producing asset , its fully paid for and the only potential cash flow. Any timelines around other projects are pushed out as expected in the current environment, its about risk mitigation not risk taking.
If one was reading between the lines of the very interesting comments around downstream /upstream at NAL seemed to favour more upstream focus by increasing production which is the cheapest and fastest way to improve the bottom line ...a refinery will likely be built by those who know something about it and have deep pockets. Nothing wrong with just producing spod, just ask PLS.
First priority is getting through this cycle and the team they have is as capable of doing that as well as anyone IMO, our specialty is mining and production and we're good at it.
Cheers Whisky
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