MREP back end plant capacity is only 4,000 tpa compared to BHP's...

MREP back end plant capacity is only 4,000 tpa compared to BHP's Nickel West 36,000 tpa or 100kg/ day.

Nickel West is a white elephant that should come with a high cost operation where no one could afford to do that in light of low demand from EV producers.

WSA's Bioheap has many feed options to provide low input costs
1. Leaching from waste tailing from Cosmic Boy Concentrator
2. Heap leaching from Mill Scats ore
3. Whole ore leaching from New Morning ore

20,000t of heap leaching samples from Mill Scats will be applied direct to MREP to produce roughly 686t

This small amount could add up with a quaterly production to beat the nameplate capacity 5890t of ni concentrate with a grade of 98.4%

This LME grade in which Wsa's customer has been stockpiling.
https://steelguru.com/metal/tsingshan-roils-nickel-market-with-buying-spree/544934#tag

That is not to mention the Odysseus growth project capable to deliver more ni suitable for EV revolution.

It's up to you to say this stock is a zombie or a slow achiever.