Some take away points from the Noosa talk that caught my...

Some take away points from the Noosa talk that caught my attention

1) Capex for module 1 now increased by ~24% from US$182m to US$225m, (+ US$33m for power line + $US10m for pre-works)
2) He stated at the end that they hope to complete financing in late Q1 2024, to get into production in early 2026.

So yet again, the financing timeline has been pushed back. Note too the NPV and IRR are unchanged, which can't be the case if the Capex is increased.

Also, If they expect to meet their promised supply to POSCO of 30ktpa in 2026, they'll need to have full production for the whole of 2026, so I can't see how production starting in "early 2026" is going to give them a full year's output.

All IMHO, DYOR