I think your guess is as good as mine Qoka. If sticking to AL's comments, small amount of carbonate is expected to 'be shipped' to LAMP towards the end of the year. This may just be some initial samples, and continued commissioning/ramping may take another 6 months.
There has, however, been a notable increase in Kal construction speed as of late (and was also pointed out in the QR). We are only in July, and I kind of expect the main construction to be done by next QR, giving us a few more months for electrical/plumbing etc works before running first feeds through at end of year.
Some clues can be gained from Lynas job advertisements.. a few positions in the past month have been of a short-term nature: 10 month fix contracts 'to support construction and commissioning' at Kalgoorlie (including 'Senior Electrical Engineer' position). 10 months from now would take us to May, when we are planned to be operational. We also have advertisements for jobs at Mt Weld for 'expansion to support Kalgoorlie' (incl Metallurgists).
All in all, I believe we are either on track with schedule, or possibly ahead of schedule. Worth noting is also that ramping to a level equal to current production levels should, naturally, be faster than reaching nameplate.
LYC Price at posting:
$8.23 Sentiment: Buy Disclosure: Held
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