It looks like funding approval is imminent:
- Stage 1.5 annual capacity: 625,000 ton
- phosphate rock target in CY 2024: 440,000 Ton
- Once funding is complete, the Company intends to undertake a 9 month construction program to complete the Stage 1.5 program
- To be to deliver 440,000 Ton in CY 2022 ( More than two thirds of stage 1.5 capacity), the 9 month construction program should be completed in March/Apri 2024
- Given construction program is 9 months, they should start in Aug 2023
Happy to get some feedback on the above analysis.
Good luck to shareholder
Regards,
Sam
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