Maybe I should clarify: the speed at which they do capex (including Lancewood) depends on the PCI price. If PCI price is high, they have more cash to spend on capex. Conversely if PCI price is low, they have less cash to spend on capex.
What Lancewood can produce (tonnes and quality) is irrelevant until they spend the necessary capex. If the Lancewood product price is sky high, that means nothing until it is production. Same for ED.
Maybe I should clarify: the speed at which they do capex...
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