Hi Loki, as far as I know the Lycopodium Optimisation Study is to reduce capital costs in relation to the 10mtpa upgrade. In the initial studies some plant was to be made redundant in the process. In this study, all in place plant is to be utilised. At least that's my understanding.
Also, if it weren't for hedging, we'd have an extra 15m in the bank.
Ann: Quarterly Activities Report , page-3
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