You would imagine pay off most debt and fund further expansion first. It’s looking like a giant recourse down there… so it’s likely they will grow to much greater than 20mtpa otherwise it will take a hundred years to extract it. I’m guessing a small dividend until the expansion is built, then a dividend more than double what I’ve seen predicted in the short term. How long though? My hope is late in the 2020s (purely speculation on my part, but it’s logical).
You would imagine pay off most debt and fund further expansion...
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