RE:$140 million for 20% capacity increase by end 2024I will be interested in seeing their plan. I am doubting they can do it for 25000$/ton. It will be more like 40-50k per ton. Will put the ROI at 2 years. They will need a nickel price around 10$ through till 2028 for it to make sense. Couple with the fact that they have missed guidance every year for the last ten and have been rate limited by feed 8 of the last 10. They have already spent 370mil on the last attempt oat exspansion and nothing to show for it. What little equipment that was installed then is already aging and will need replacing since nothing is spec's to last more than 10 years theses days.
Not sure about this pipe dream but it is likey to be the same result as last time when they missed the boat on a commodity price run.
They need to figure out how to run with what they got. They use to be able to do 35000/37000 tons pretty constantly.
cheers