The question of SDV pond construction has been answered in here with the sweetener that consideration is being made to increase to 15ktpa rather than the initial 10ktpa.
Delay isn't great, but it seems was also tied to coming to a royalty agreement with Catamarca of 3.5% revenue minus taxes.
Disappointing this wasn't announced as soon as it was known by the company.
With Spodumene pricing exceeding the expectations of even the biggest rampers of the past and the cost for production at Mt Cattlin around a third to a quarter of the revenue it may just be that Sal De Vida will be covered by the profitability of this dying asset. - I wonder how much life can still be squeezed out of it.
Battery grade from Olaroz at 51% is much higher than it has ever been? - I am sure I'll be corrected.
Naraha commissioning not far off should assist with upgrading the other 49% coming from Olaroz.
Overall first impression, other than the purple colour it's a very good report with short term (Naraha) and ~2 years upside indicated. (SDV)
