I'm not saying its not possible, I just think its unlikely to focus on 100Mtpa.
At 20Mtpa production is already mining/moving 132Mt.
The 100Mtpa scenario would be mining * 5 that, which is 660Mt!
CLE has done great getting Vale onboard, but they have given up 75% of the project if Vale decides to proceed.
I can't see the studies being based on 100Mtpa, I think 20mtpa is more realistic and that will significantly reduce the value of CLE's remaining 25% stake.
The only good upside scenario I see for CLE is 100mtpa or maintaining their original 25% share without dilution at a lower output.
Both of which I think is unlikely.
Great to see the project progressing and well done to shareholders over the last few months.
I'm not saying its not possible, I just think its unlikely to...
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