If they're going to make that much money at the 500KT product...

If they're going to make that much money at the 500KT product mark, with only a sniff of capital, then there would be no real reason to go beyond that volume IMO. Why expend the time, energy and capital for only an extra bit that fills up Aus and local capacity for finished goods. They would surely want to get in and strike whilst prices are magnifico, set up a war chest with ammo for future years.

Not sure if I was Mencel I'd be divvying out all profits to dividends, although a bit would be a nice gesture and a rare luxury in Junior start up's in early years. He seems to have a plan for so much more judging from the noise. Water treatment, batteries, in-country value-add (now wouldn't that be a first), composts, (genuine-no-BS) green industries, acquisitions etc. With what appears to be good leadership from him, an experienced and invested Board, cash in hand, an entrepreneurial spirit, a license to dream and the team he has surrounded himself with (veteran engineers and executers, project management, agronomists, scientists, operators, beanies), a site that is currently running and apparently outperforming on quality, recovery and throughput, offtake partners and others clamoring for a slice of the action - could we dare to hope that this is one of those rare beasts...?

Share price is one thing and a fait accompli that we will make some coin, but being part of something that could be so much more is very different, the tone is different, its sounds so, so good, and that is why I am in for the long haul. However lets wait and see, and hopefully what seems to be too good to be true, really is, and not the other way around.

DYOR