The ironic thing is if battery grade Mn had never been bought up...

The ironic thing is if battery grade Mn had never been bought up we would just be focusing on an ore business with long life and an operating Stage 1 with a PFS post tax NPV of $420m and hopefully soon to be expansion case with a PFS post tax NPV of $800m.
Current market cap $267m. Hmmm

Understand the delay disappointment, no fun for anybody.Would be unusual for there not to be a few issues on the way through. Delays are always disappointing, even when partially expected.
Encouraged that the process appears to work well, agree some more clarity on timelines is appropriate at this stage

"In order to provide the market with initial information on the economic assumptions relating to the HPMSM conversion opportunity, the business development team are considering the publication of a Scoping Study to provide guidance with respect to the magnitude of the economic opportunity presented by the production of HPMSM from Project concentrates".


Think things stack up stand alone as an ore business. Having said that, thinking that the above from yesterday reeks of a lot bigger numbers to come.