My understanding of the situation is that FEL2, the demo plant stage, will allow the genuine scoping/design, layout, costing etc to occur in a valid and thorough manner. Hence why it is stated that "design and engineering continues", because this will be for the full plant and FEL3. This makes sense with stated concurrent development.
Would be good to get some more confirmation, but I think the company is restricted in what they can say here. Not too long to wait though.
Tough day for the market and FYI held up well. IMO this type of environment makes our partnership with Alcoa (and the balance sheet they have) all the more valuable. Great foresight by Roly.
IMO, DYOR
MJ
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