A couple of points that scream out to me. 1500 tpa 5N. This to me indicates negotiations are advanced on off-take of 5N otherwise it's a big risk to include 5N in the updated DFS. Roly hasn't been one to take big risks so far. On the same theme another 500 tpa of 4N would also indicate demand is there for that.
I have only looked over a few quick reviews of the DFS but still no by products included? Another positive in my view.
Shame about the market response but there is plenty of news to follow now the SFS is completed. Off takes next please then take that to JV negotiations with Alcoa please.
FYI Price at posting:
55.5¢ Sentiment: Buy Disclosure: Held
