Hi phuket guy,
Yes in essence you are right. 2mtpa should be a non-starter now. I just personally don't fully have a grasp on what the CAPEX is going to look like for 2mtpa, 4mtpa or 6mtpa.
From an operational stand point and to decrease dilutionary events, the company may be better off starting at 4mtpa, with future expansion being paid for via free cashflows generated.
Happy days though, the re-rate has commenced. Bring on the Scoping Study and MOU's with whoever is in the data room. Household names like you mentioned in your post would certainly help get the CLA name out there.
Cheers!
Ann: Opuwo Cobalt Project Maiden JORC Mineral Resource, page-147
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