Doubling of production will happen once they are happy the current plant is running as intended. Doing it now would just require capital raises and would give the company too much on their plate.
Best to wait until production issues have been ironed out with the existing plant, then build the extra capacity taking into account the lessons learnt from the problems they have encountered in the past.
I agree, talking of $60 POS is unhelpful as while margins are likely to be higher, I'm expecting the cost of inputs will also be higher. The cost per ounce of production will no longer be $12-$15. There are just too many variables to consider.
CCU Price at posting:
29.6¢ Sentiment: Buy Disclosure: Held
