My guess is they won't mine anything at Mt Hope until the operation has been up and running at GW for some time. They would not want to start a quarrying operation at two locations with replicated infrastructure until the first quarry was well and truly bedded down. There is likely to be sales of HPA from GW well before mining from Mt Hope. There is not likely to be anything happening at MT Hope until at least after stage 2 of the GW project .
ADN will want to minimise future dilution of the share price so any capital spent at Mt Hope will be after cash flow from GW has paid off any loans they may take out for GW and possibly after they have built up a stronger balance sheet. There would really be no urgent need to do it for sometime.
MEP Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held