Great post @tropicAll expectations are beyond reality at the...

Great post @tropic

All expectations are beyond reality at the point of realising a conviction and belief. Expectations are a fundamental reasoning that something will happen, not a fact. Expectations are simply personal evaluations of what may happen and expectations are often met with disappointment. Nevertheless, why else invest?

I have an expectation that the sp will be above 8c in the period between MgO and Mg and it could achieve the 8c and above at any time during that period depending upon the timing of updates. Not for a moment do I sense my expectations to be unrealistic.

i think you are too concerned about extraction efficiency tbh. LMG have tested the tech using fly ash and ferro nickel slag, over and over again under a range of circumstances, in Australia and in China. The modelling of scale-up has been scrutinized by CSIRO, Bechtel, Tenova and many other specialists, not just LMG.

Ferro nickel slag is not on the side as being perhaps suitable. The feedstock has been sourced with agreements in place and many aspects we are not privy to have been underscored by the involvement analysis and scrutiny of Bechtel, Tenova, CSIRO, Jasper consulting etc. From discussions with DP the transition from fly ash to ferro nickel slag is not a bottle neck.

My expectations are the scale-up is akin to building a plane, regardless of scale, the laws of aerodynamics remain the same. So too are the laws of thermodynamics consistent, regardless of scale. The LMG pilot is "At Scale" with a proven technology. LMG did not get their patents based upon "expectations". Solid science is the backbone of LMG and now LMG will 'Demonstrate' at scale. LMG are not experimenting to see if the technology works at scale, they are demonstrating that the technology 'does' work at scale.

I would absolutely hate to think the demonstration plant is still research. Apart from improving process, fine tuning outputs and making modifications to systems, LMG have already proven their proprietary technology.

The demonstration plant is to be break-even with no profits to be had between MgO and Mg. I heartily agree that the refining of outputs and demonstration of efficiency and measurable positive data, will progressively step the share price to higher levels.

My concern remains for operational finance. I think there is no doubt that another cr will be performed after an uplift in share price attributed to the plant being operational. Like all other CR's there will be dilution and setback for the share price but we get past these things time and time again.

Major investors will not be an issue imo. From previous announcements and discussion with DP, we are poised for a number of heavy weights to bolster and move the project forward in massive ways.

If current shareholders do not have expectations for the share price then we are in big trouble. Expectations and demonstration of process drive investment and without expectations, money moves elsewhere.

Regardless of MgO achieved by the 16th, 25th or even May, the process and viability will be demonstrated. If people solely fix on the 16th as the 'be all and end all' then that is just plain silly. Yes David was pretty emphatic that the 16th will be achieved but nothing is certain in life apart from death and taxes.

I still think next week is likely to have a number of milestone that will cause a ruffle in the market but I've been wrong many times. I still hold an expectation that LMG is poised for a re-rate and that to me is very exciting.

Regards
Ken