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12:43
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Originally posted by binwood
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Yep 50% interest. So basically initial expectation is something like 75kt of production as their half of the 1.2Mtpa. Plans to add a secondary fines circuit to improve recovery and get them to somewhere closer to 200kt of spod per year (100kt as 50%). Resource is bigger they just did things backwards and went for production before drilling the resource out. Total project still only at a MC of $300m and carrying no debt. They should be able to increase output in future years just like PLS and AJM.
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my reasoning exactly the same binwood. AJM and PLS have huge upsides as we all know but I bought TAW recently as it reminds me of PLS in it's earlier days so give more bang for buck for percentage returns.
