This makes sense - POD are aiming for a modest initial starter...

This makes sense - POD are aiming for a modest initial starter mine with relatively low Capex vs end destination.

“1.3 Decide on the required treatment rate for 100kozpa of the primary PGM.

Most PGE coys start producing at 100kozpa Pt (or Pd) and then have applied their cashflow to increase to higher amounts. Both Implats and Rusplat started at ~100 to 200kozpaPt & gradually increased to ~1.2Moz to 1.5MozpaPt trea
ting ~12Mt to 15Mtpa. Implats now treats ~30Mtpa and Amplats (originally Rusplats) now treats ~25Mtpa from its mines.

The last line of Table 1 shows the ktpa treatment rates required based on the widths and intercepted grades reported and assumed recovery rates. Average grades used should possibly ideally be >250m dip or strike.”