Considering the Mcap / tonne per annum compared to similar companies it is easy to see where all the bags will come from here.
Altura mining mcap = ~760m based on 219ktpa
Sovereign current mcap = ~35m .... 44ktpa
It is not hard to imagine an eventual mcap of 175m (44ktpa) and 350m (100ktpa) eventually being reached for SVM over the next few months. Clear line of sight to 5-10 bags from here based on this peer evidence.
In terms of the output increasing to 100ktpa my take on this is that the recent MOU for 100ktpa transporatation strongly indicates the intentions in terms of annual output - and i am expecting that the resource upgrades from the current exploration campaign will support this output case in the PFS. 44k was just the starting point imo.
The recent presentation and shows clearly the sheer scale of this resource and I'm impressed with how quickly they are progressing this project.
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