Having had another read of the review its certainly a very...

Having had another read of the review its certainly a very encouraging piece of reading.

1: The plant has already exceeded nameplate throughput on a number of occasions.
2: Recoveries reached 69% in March, target 70%
3: Grades weren't specifically mentioned for March but going on the yearly average which will have started lower could well be around 5.7%Li2O
4: moving into Spring and warmer weather
5: Commissioning of the Dome has started this month which begins to address utilization issues
6: Commissioning of the re feed system also starts this month and also begins to address utilization issues
7: Good grades being delivered to the ROM pad from mining operations and the ROM is well stocked.
8:Working towards fresh ore beyond the underground workings and that may well increase grades.

All the above is what's needed to get the targetted $A1000t ( $US 650t) production cost by the end of this CY and I wouldn't bet against it and quite possibly earlier, we will find out. This is a very understated review IMO and has plenty of scope for being achieved and even exceeded.

However the Company still needs to prove its a going concern at low Spod prices and I doubt we will hear much about proceeding with a refinery at NAL untill that is established, NAL has a chequered past including having Govt caught up in it, so they will be reluctant to get their fingers burnt again without some hard evidence that this will pass a stress test.

Keep expectations realistic, these improvements take months to confirm not days, as Norbeto says daily concern over a shareprice will do your head in, these are long-term projects in a very volotile space. Shorters are well aware of retails inability to cope with anything other than a rising shareprice and couldn't give a stuff about their feelings.

if one thinks the companies worth more than it is now then your going to have to wait, if not one shouldn't be holding anyway but what's needed to keep the company viable is being done and if successful will eventually be reflected in the MC.
Bitching and ranting changes nothing from the companies perspective. The upcoming quarterly is unlikely to be great but hasn't stopped the JV proceeding with full ramp up and that bodes well for future quarters.

Cheers Whisky