You can read it as ramp up profits if you prefer.... yes, even when Lithium is cheap. What about the rest of the cycle ??
Actually we are not ramping up only, we are expanding capacity... The incremental capacity to P2000 is bigger that any other mine ex- Green Bushes...
You plan for the future, and you take advantage of your strengths. We have scale, low costs, we keep making money at this prices, so we reinvest in lowering costs.
The next cycle we'll blow it out of the water... at 2,500$/ton we make 2.7Bn AUD p.a. profits (80c per share)...every additional 500$/ton means 0.8 Bn Aud extra (27c ps)....
IMHO watch this space.
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You can read it as ramp up profits if you prefer.... yes, even...
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