General Comments & Banter, page-12984

Agreed.

I think you will find that the reasons for the 100T are 3-fold

- why commit resources and PA for 500T at this point when the aim is to secure at least 10kT stg 3 OT

- with hydroxide now in the mix, we need capacity to produce this to potentially lock in stg 3 funding and OT with one potential partner who wants to potentially sign on for stg 3 for hydroxide

- if we want to lock in M longer term, strategically we'd rather dangle the carrot to get them to commit then to give them full 500T especially with other partners waiting in the wings that want a piece of the pie.

as you can see, all leads to stg 3. This is the priority and always has been. Considering stg1 plant has 500T pa capacity, by that ratio, it will take 2.4months to produce 100T. I think this is the biggest clue as to the timeframe JZ is potentially thinking of locking in something for stage 3.

we are in for big things and JZ is confidently steering the ship.

aimo. Glta.