Need a VB to respond to this as shows you don't clearly...

Need a VB to respond to this as shows you don't clearly understand what you are posting.

The graph comes from the November 2021 company DFS - an ASX company announcement. Go find it yourself.

The 3 mtpa comes from a company announcement that I actually provided the link to in my post - back in January 2023. That is the nameplate they are starting at. Companies expand production - they don't build their ultimate goal on day 1.

As to nameplate - they will be at nameplate - you can't be at nameplate capacity for a 4mtpa facility until you build it. They are building a 3 mtpa nameplate initially and will be at nameplate in 9 - 12 months from first concentrate production. Why do I think that - well when theyw ere building a 2.5 mtpa facility they show in the DFS they will be there in 12 months after first production.

When they move to 4mtpa they will be producing 800,000 tonnes of 6% grade spodumene at 80% recovery, end next year because nameplate is 3mtpa they will be producing 600,000 mtpa.

I will leave it at that. Clearly your post shows your lack of research unless of course you think the company is lying?

I suspect that when they move from 3mtpa nameplate they will build something more than 4 mtpa nameplate.

Now the key to ramp up and hitting production targets is hitting the recovery rate - they got a better chance here than PLS/CXO because their ore is higher grade, has lower deleterious elements and they are using a WOF process. I will let you work out yourself why but have also explained that to you in the past as well.

For the record, if I get the inkling they will not hit their stated recovery rates I will sell.

@anatol, yep I suspect the grade will be higher than 1.5% in the first few years where the real benefits are, but over project life it will average down. But yes, even the DFS starts with a higher grade before grade lowers down. And since the DFS there has been more higher grade spod defined in the underground sections.

All IMO