RE:finally... next steps...This is not ramp up to 4 tonne It is 2.5 tonne production in Q4 2029 They have further delayed the operation from Q3 2028 . BUT it is forward motion . Anyone dreaming of some production next year etc etc is simply an idiot or duplicitiou . The company has been very clear on timelines even if it makes the cheerleaders sad
general360 wrote:
well, it was nice to finally see the registration. looks super dense, will have to review in more depth. good work team, assuming like they said, you'e been working behind the scenes ahead of everything... it does raise a question or 2 about what exactly it means to be 'mining commencing':
from the registration:
The operations phase of the Project will commence upon completion of construction and associated commissioning, with initial (capital development) mining commencing in Q4 2025 and extending to approximately Q2 2029. This will be followed by the installation of underground infrastructure, after which mine production will ramp up to commercial production levels in Q4 2029 and extend for an operational period of at least 34 years.
end of registration quote..
funny little gap b/w Q2-29 and Q429; what exactly is the underground infrastructure that is installed in 2 quarters/6mo that ramps up to commercial production?
the FS i thought talked about starting at 2.5mt? then ramping up to 3.5? i'll have to go back and check those numbers but it was a scale up. i'm wondering what exactly are we starting at produing in Q425 vs 4 years later Q2/29 to Q429. and when exactly would one be able to satisfy any offtake agreements? do they even do offtake agreement for 4+ years from now? does that make valuation murky? i could see a big difference in numbers...
figured we'd go higher on this news but meh, what do i know? makes me temper my expectations for april 14 or whenever it says minister decision coming.. what's it gonna take to reverse some of these big losses and make some money!
anyways, go SALT go!