Ann: Pumped Hydro Energy Storage Conference Presentation, page-10

I hope that the next Quarterly report answers your very valid concerns as to the ability of management and Board to forward plan and rapidly progress additional exploration, drilling, and commence mining elsewhere between now and mid 2019. However, I like the detailed marketing presentation of the PHES project, and hope that they can now focus and clearly articulate their plans for the company for the next 2-3 years, along with detailing their hopefully rapid progress.

Can the current plant process additional material? The 2017 preliminary report states that there was a $7.7m increase in inventories to $12.7m at 31 Dec 2017, "due to the build-up in run of mine(ROM) ore stocks which occurred because the mine was producing ore at rates faster than the mill could process at full capacity." Stocks were higher than normal because of both delayed sales because of public holidays, but also "due to strong production in late December". My understanding is that this strong production is likely to continue now for the next 18 months or so.
Does the company plan on increasing plant capacity, or is the better business case to continue with current/anticipated 2018 maximum plant capacity? And delay receipt of income from sales of currently produced ore beyond mid 2019?