Post by
LittleMoney on May 03, 2022 9:00pm
Phase 3 update
Anyone else disappointed with this update?? RF mentioned a number of times that phase 3 would take production to about 700,000 Tonnes per year. Which seemed very realistic, given that phase 1 and 2 would get us to 450,000 and phase 3 would be "significally bigger". First 2 phases are handling 4.6 Mtpa after debottlenecking, and the "significantly bigger" concentrator is only 5 Mtpa!
I've been heavily invested in IVN since 2014 so I can't complain too much, but this is one of the rare times RF has let me down. I was actually expecting the release to say 750,000 - 800,000 Tonnes per year!! Guess we'll have to wait for phase 4.
Comment by
Resivo on May 03, 2022 9:06pm
Yes and wait until you get no update from wf, a real disappointment. 30-40$ in 5 years seems not achievable anymore....