Moving to a staged development with bene con only product sales...

Moving to a staged development with bene con only product sales Stage 1 to try and make bank as predicted. What I didn;t predict was total capex blowing out to nearly $1B for full hydromet MREC product aster Charles guided $800M a couple of months ago. Off-take will probably end up in China, which does beg the question... why and will the Aus government keep throwing huge chunks of cheap money at a critical minerals project to assist develop an ex-China RE supply chain if the company can take the money, thank you very much, then pivot back to selling con to China?

Anyway, as usual, share price leads bad news as inside information permeates the market over time and retail mugs keep holding, averaging down into the fall wondering why others are throwing out such bargains... If Twiggy decides he no longer wants to back a project with nearly double the capex and selling mon-con to China and wants his $150M back in 2 years, that's just more pain. Unfortunately, building any project in WA right now is so expensive it's almost a fools errand, and unlikely to get better with the lithium boom and federal governments insistence on getting wages moving, same work, same pay, banning sub-contrcators, multi-employer bargaining, backing stronger union control of worksites etc.

GLTAH