You're right, miss read it. Stage one is 50ktpa of 150ktpa (33%)...

You're right, miss read it.

Stage one is 50ktpa of 150ktpa (33%) is MOP converted whilst stage two its 100k of the additional 150kpta is MOP converted (66%). As such, 50% of the full project will be MOP converted. With the SPO/MOP spread at record levels it makes it a little uneasy that half the project and a lot of the good economics of the project a reliant on a pricing spread factor on top of the typical opex spread. The main saving grace is that SOP is a tight market (for now) and the full freight Manheim process has a marginal cost of USD450 to USD500 per tonne.

I aim to ask the company myself but can anyone clarify the excess sulphate aspect of the SOP production cycle?