The revised scale of expansion after the 1000tpa demo is up and running is also encouraging.
The scale-up to 10,000tpa plus has been mentioned many times but this further assertion is great to see.
"LMG intends to expand it operations into a commercial scale operation with an envisaged production capacity in the range of 10,000 to 20,000 tonnes per annum of magnesium metal." (The Latrobe Valley Plant)
That takes the potential for just the Latrobe Valley plant to EBITDA $84m if taken to 20,000tpa
The excitement and confidence from LMG is starting to come though.
Would be great to see another Investor Presentation soon and get some momentum happening.
There is still so much major news to be delivered, it feels like we are at a bottle neck and the cork is going to pop.
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