$170 000 000 over budget for an operation that is not going to be capable of producing name plate
they need 800 hectares of pond surface to produce. 190 ktpa the remainder being imported MOP for 245 KTPA
IMO it is a lack of brine hence the FT to the paleo channel or the EPA as rumoured has put a stop order on any lake development or as it suggest the local NT party has stopped on lake development
the Fact is they are 400 ha of pond surface short and two years of evap to catch up after construction . construction begins after aproval ??
there is only 300 mm of salt in the stage one pond which came from the whilliamson super pit there is another year of evaporation to get a floor and a harvestable depth This is the first time I have ever heard this being referred as stage one ?? no wonder the offtake is not binding
SO4 Price at posting:
48.0¢ Sentiment: Sell Disclosure: Not Held