Yes, a conversion plant would add much more value down the track...but I suspect your first two points will be the reality:
- Force to by off-taker because the off-taker is in dire need of Lithium
- To help finance the "real thing"
which will be better than a credit raise down the track. We could do both, Grants for the DSO, and then Zola and Ringwood's spod for the convertor. CXO being located at Darwin makes it an ideal position cost/competitive and strategic wise to develop a conversion plant, and I think the company may have mooted this idea in a statement. AIMO
DSO and Mets!, page-14
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