Efficiency is also expected to improve in the next 2 and 3 years although not nearly to that extent.
I guess this is a case where any delay would add value rather than cost the company.
These advantages would certainly be in place by stage two though so we get full advantage of them for that much larger stage.
Might be best to expand the phosphate project more quickly, begin the site works for the ammonia in a year or two and then order the electrolyser as late as possible.
Ann: Corporate Presentation, page-76
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