Phase 2 development at Paradox to comprise further substantial increase in lithium production capacity, together with Bromine production capacity. Phase 2 capital costs proposed to be fully funded from free cash flow generated from Phase 1 operations.
I do not think I am making an assumption Chris. Is it not clear in the DFS that stage 2 is to be funded by stage 1?
Once stage 1 is up and running, why would the company raise additional funds for stage 2 and create further dilution for no reason. Self funding makes perfect sense.
Stage 1 complete 2025/2026.
Debt repaid - 2027
Stage 2 self funded and constructed 2027-2028
Stage 2 fully operational 2029
Broker data, page-169
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