Prioritizing Yandanooka ConstructionBased on the company's...

Prioritizing Yandanooka Construction

Based on the company's recent presentation, it seems to me strategically beneficial to prioritize construction of the Yandanooka project over Bidaminna.

Here's why:

Shorter Construction Time: Yandanooka boasts a significantly shorter construction duration compared to Bidaminna. This translates to lower upfront costs (assuming) and a faster path to generating cash flow.

Potential Debt Avoidance: A quicker turnaround on Yandanooka could enable its construction to be funded by existing Atlas revenue, potentially eliminating the need for debt financing required for Bidaminna.

Operational Efficiency: Yandanooka's lower strip ratio offers an additional advantage. It allows for faster loading of materials onto ships, improving operational efficiency.

Conclusion:Prioritizing Yandanooka construction appears to offer a faster path to cash generation, potentially lower overall project costs, and improved operational efficiency. These factors would be a significant benefit to the company.

And hopefully, Gina Reinhart and other big investors will look at IMA with interest !