Whilst we are focused on the outcome of Al3, I think a pending announcement will focus on commercialisation of 1B. This is a big deal as it flicks a switch in the CUPET contract, makes MAY a producer and require tens of $m in infrastructure capex. It fits with Duncan’s event pronouncements whom I recall wanted to defer Al3 in favour of more straws in 1B, based on them being shallow easy drills which provide cash flow. TBC
Whilst we are focused on the outcome of Al3, I think a pending...
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