The 20mpta expansion would be trying to capture economies of scale as orewealth wrote about helping economic returns from the project. This would also help attract partners perhaps looking for infrastructure returns. In any case the expansion is modular and can be tacked on to the initial 8mpta capacity.
Im afraid I dont think we will see much action in the SP until we get a financing deal in place or an announcement from MinRes noting construction is complete on IV and first revenue is in sight.
IOH Price at posting:
89.0¢ Sentiment: Buy Disclosure: Held