Hi Sccl, if you refer back to https://hotcopper.com.au/threads/ann-amendment-to-benchmark-world-tour-presentation.4757788/ market announcement on May 10th, you will see the following on slide 22:
Magnis has 33.3% ownership in iM3TSV
15 GWh Lithium-ion Battery Plant to be located inTownsville, Australia
QLD State commits $3.1m funding package tocommence feasibility study.
Scoping Study completed.Feasibility Study targeted for completion in Q32019.
Site contains all major infrastructure includingrail, power and close access to Port of Townsville.
It is 'targeted' to be completed in Q3, so that to me sounds like a stretch date when considering the wording. Also, we are only 26 days into Q3, so I personally believe you're being a tad optimistic.
As mentioned on the board numerous times in the last 6 weeks, the main focus is acquiring funding. MNS will be projected to run out of cash within the next few months, so the urgency of this outweighs a feasibility study completion.
all IMHO
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Townesville Feasibility Study, page-2
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