12 month delay on bfs, page-36

Short term pain for long term gain. That's the way i see it.

The delay is a little disappointing, but there still is no competitor as close in the short to mid term as ARU. They're doing their homework well imo.

Scrap the other plants that are interdependent on the entire circuit and focus on the REE. This will save enormously on capex. Raise the grade at the concentrator at the mine- the transport savings here will be astronomical, less waste to whyalla and less transport of waste back again not to mention the problem of waste storage and management on the banks of the Spencer Gulf.

Savings on reagents are obvious.
The $1B price tag will be reduced significantly- less plants to build and commission along with all the supporting infastructure.
Construction timeframe reduced, commissioning risk reduced.
The EIS will be streamlined.
No more uranium processing in town will negate much hassle.
The project was never dependant on a $207 basket price to be profitable, it was always extremely profitable at $30.

The entire project risk has reduced more than we intitially see here. This was always going to be a hard sell to any financiers- too many variables with too much going on.

This change of focus is a very smart move imo.

DYOR