It will depend on the revised timelines. Assuming the small plant is scheduled to be operational by end of 2023 then I think the SP jumps into high 30's, low 40's. If it has est. production date of mid 2024 then we will probably be in the high 20's or low 30's. The revised dates on the main plant will also play a significant factor as getting this to production is the ultimate goal.
Alcoa Presentation 18th January, page-71
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