Typically major development expenditure occurs after FID not before as you start breaking ground and paying for plant and equipment.
Ewoyaa has not yet got to FID, has not placed long-lead item orders and is not yet breaking ground on the project. While these are all planned for 2024 they haven't happened yet.
There will be ongoing development expenditure for items like sterilisation drilling of planned plant sites and all the mountain of approval paperwork. These costs are not the large one's for the project and are easily met by existing PLL cash reserves. It is however getting tighter than it was.
PLL Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
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