The company literally said that the pond design would produce in excess of nameplate
This refinancing should be a piece of cake...'The Independent Technical Expert's insurance provider can pay for it!
WINNING I love these announcements by the company...its a CLEAR picture of FALSE and misleading claims through official company announcements
Project fully financed: Cost to complete report issued byIndependent Technical Experts, with estimates including ‘multiple conservative parameterassumptions’ relating to pond operation and ‘conservative process designcriteria’ in the plant
First SOP production: Expected within weeks of Placement
Risks to any future salt shortages mitigated by revisedpond plan which incorporates 271 Ha of pre-concentration with sustainingcapital of A$2.5m brought forward from 2022 to June 2021.
“It is clear [that] together with conservative processdesign criteria, the revised pond system on average will be able to produce in excessof nameplate production, with worst case conditions meeting nameplate…….”Independent review report
