if our costs do end up where he suggested, near 40/t FOB, ??...

if our costs do end up where he suggested, near 40/t FOB, ?? leaves plenty of margin for 1.7mt

Even if debt component were still on the table for Mt Lindsay, as for the free ride is what is important, theres a lot of head room in what those margins could soften, (or take hedging) to make a grab for that cash, even back at the prices where we were at the time of that May interview.

ie, we could mark off the recent volatility rise since then, and still get what we need to no dilute path to Mt lindsay, where the larger cash flows we hope to see.

Newsflow on both studies should be the confirmation the market needs to shift gears hopefully.