On the construction time, i was thinking if all went to plan, no hiccups from awarding of the contracts 18 months would be a stellar effort. 24 Months is more conservative, but maybe better over than under deliver.
PLS took about 15 months from Contracts awarded July 2017 to first production October 2018. Keep in mind first production was small, and is not ramped up, that took about another 6 months.
Now AVZ is aiming for first production SC6 Q2 2023. See below. Now for a company that seems to relish missing timelines, and NF on record saying he thinks 18 months, engineers say 24, I find it strange at best (note I hold AVZ).
I think the African element will affect both, for specialised labour and some delivery timelines, but you would expect Leo to benefit from existing infrastructure.
There are different design elements etc. More than 24 months and you are likely looking at capex overruns.
A good outcome here would be first production early Q4 2023, and AVZ will do well to be similar IMO.
On another note pretty happy with today trading, considering POG last night.
GLTAH
FFX Price at posting:
70.5¢ Sentiment: Buy Disclosure: Held
