Hello @MgPlumnerSilly of me not to define the 7 years.7 years +...

Hello @MgPlumner

Silly of me not to define the 7 years.

7 years + depending upon dividends and my health, from the final commissioning of the demonstration plant this year.

According to the last schedule, the 10,000+ tpa in Dec 2025.100,000 tpa in early 2028.

My thoughts are 10,000+tpa by 2026 and the 100,000 tpa by 2029/2030. Then add some time for fine tuning and increasing profitability. There could even the potential for the start of a second plant in Canada, Indonesia, Middle East, etc.

Its a massive market and growth by 2030 is forecast to reach 2M tpa. So all in all, 7 years plus for me, as my confidence builds.

...........

As a side note..

"LMG produces not just magnesium but other valuable saleable products from its feedstock. These products generate some 40% to

50% of its revenue."

> SCM

> Hematite

> Iron Oxide

> Ag Lime

> Char
> Silica

Predominantly on this Forum, magnesium is the only product discussed but as I have said many times in the past, by-products are just as important. By-products underpin reduction of LMG's magnesium production costs as compared to the majority of global magnesium competitors.

In fact by-products are such a foundation (pun intended) to LMG, I do not believe LMG would be a viable proposition as a producer without them!

"The LMG process of combined hydromet / thermal reduction produces 4.1 tonnes of Supplementary Cementitious Material (SCM) per tonne of Mg from Yallourn fly ash."

David Paterson has confirmed that the same percentage of by-products will be produced from using ferro nickel slag as feedstock (Malaysia).

At 45% of revenue the by-products roughly represent:

> 10,000 tpa+ plant

$110M+ in revenue @45% =~$49M+

> 100,000 tpa plant
$1.1B in revenue @45% = ~$495M

Wowee, that is a heck of alot of by-products to be sold and a massive proportion of LMG's revenue. Pretty darn important to say the least.

LMG has been scant on proving detail on a (critical) aspect of its entire operations, i.e By-products.

Please excuse my rabbit run, I just tried to save from having a secondary post.

Regards
Ken