Are we all assuming that the plant will be running like a well oiled machine from day 1 ?? Given their track record with missing milestones (by a considerable margin) on the more simple process of building the plant, then I'd say there is a good chance it'll take them a while to get the circuit working efficiently. This is their first rodeo remember, if they make it to 8 secs first ride I'll be surprised.
It's all good to produce concentrate, but you have to do it economically. Didn't they change their processing methodology mid construction because of the lack of reliable water source. Does that effect OpEx ? I also assume we've had CapEx overruns given they have borrowed money from our offtake partner to finish the build.
6 weeks and counting
AUQ Price at posting:
4.0¢ Sentiment: None Disclosure: Not Held
