My understanding was that they're saying the DFS is still valid when that volume is achieved - potentially with a delay to achieving full stage 1 output.
The ramp up phase is now defined as 50ktpa initially with a view to grow to match signed offtakes (in an attempt to minimize capital expenditure).
It's a fair plan, very risk adverse in response to current market conditions and uncertainty.
Fully agree this should have been included with the announcement on Friday however.
My understanding was that they're saying the DFS is still valid...
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Last
1.6¢ |
Change
-0.001(3.13%) |
Mkt cap ! $48.20M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.6¢ | $15.63K | 977.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 7854476 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 335351 | 2 |
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| Last trade - 13.33pm 12/07/2024 (20 minute delay) ? |
| ADN (ASX) Chart |