It is a big announcement.. Sure its only meeting name plate, but...

It is a big announcement..

Sure its only meeting name plate, but the vast vast majority of these small new producers fail time after time to meet production figures and time frames.

This is one of the reasons the Gec finance is so damn expensive...because lenders know most of these companies fail to meet expected results... Just as TGS themselves they failed to meet the HMS plant forecasts...

So yes while it can be said they are only announcing a meeting of forecasts ... that is a big deal when your in the infancy stages of production.. And given the cathode production is the revenue driver this is huge compared to the HMS running to spec.

I think it takes two significant risk factors out - meeting nameplate an thus production forecast, and being overdue in a time sense...

We still have 3 big risks of production costs, debt rollover and copper price