You use Liontown as an example. OK.
Kathleen Valley. Started work 2017, DFS 2021, FID & construction started 2022, spod concentrate production mid 2024…..
Seven years.
And yes, that is the mine, not the investment phasing.
A re-rate may well happen much earlier, so yes waiting for the production may not be the best investment strategy. Depends on your individual strategy I suppose.
A quick speculative in now and out on the re-rate IF the drilling is positive can work.
As can a longer term growth plan buying on DFS or FID and utilising growth over the production life cycle, dividends etc
Both have risks and I use both. I’ll keep watching this - the drill results will be interesting, and yeah, I might miss out by a few cents, but if it’s as big a hit as some here think, it should go much higher.
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