They are a stainless steel producer, not a miner and their expansion requires loads more ore which we have control of.
With regards to spending for this new project, the bulk of it is due mid to end 2022. I think this is timed nicely with our scheduled production from Angel with first sales due Q2 2022 and name plate due in Oct 2022. Basically as of Q2 next year we will have more cash coming in and progressively increasing throughout the year.
Yes we will be in more debt but we are potentially tripling production. This is high growth, Rapid expansion, capitalising on a very healthy nickel outlook. I am personally very bullish on nickel and if we can also snag a collab on a hpal plant I will be stoked.
All the best
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