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09:55
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Originally posted by WhatsTheTip:
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Where a project has smaller deposits, they frequently scale the startup build to a sensible mine life and there is limited to no expansion potential as its simply implement the mine then mine out the resource. Where a project has a particularly large deposit, its not uncommon for a staged implementation to the eventual size of the mine. Lithium examples of this include Sigma Lithium, PLS, Greenbushes and Goulamina. All four have had deposits of sufficient size that the start-up project was much smaller than the full plans. These projects have a layer of expansion capital expenditure that is planned to be funded from operational cash flow. This approach limits near-term dividends but enables the expansion to the ultimate planned size without as much shareholder dilution.
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Hello. When EGR previously ran to $1, this was obviously due to punters with mental illness who made massive losses.
(20min delay)