Or will MergeCo end up another source spod mine for that operation? Just how far will they go along the risk/reward line?
I think it's pretty clear from the companies statements we will be a spodumene producer for whoever wants it, any links to downstream would be through an OTA , with a small equity position at best. We are not and never have been in a position to go downstream but we do have the knowledge and potential to go upstream.
We do however have an old refinery on site and whether some refiner wants to refurbish it is something to be discovered but with expansion of the concentrate side of operations as the likely next step for MergeCo then the existing refinery would also need to be increased in size IMO.
Whatever was stated back when Brett was in charge has been superceded by a crash in spodumene prices which meant survival mode by going back to basics and shoring up the balance sheet , not expanding into something we know nothing about.
Ccheers Whisky
SYA Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
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