my view is that no KMP revenue = no dubbo financing.
Dubbo is already unfinanceable based on the current costs/revenue assumptions. i think the market and shareholders will have a rude awakening when the EPCD costs come in way above the current budget. ASM needs a revenue source from KMP to provide risk mitigation for any potential financiers of the dubbo mine and so far this has not eventuated. KMP will also offtake from Dubbo so it really does play a key part in the overall package, so ASM needs KMP running full tilt at 5600tpa along multiple product lines/revenue streams to give comfort for dubbo financiers.
ASM Price at posting:
$1.62 Sentiment: Hold Disclosure: Held
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