Apologies for my out of turn attempt to answer …but here goes …
You should probably listen to the Spotify link in post no . 121. The thing is more complex than simple capacity of malt. Listen from 12 minutes onwards .Piccadily does not make only INDRI …they have other blended whiskies and they also sell a significant quantity of 2-3 years old malt to other whisky sellers as well. Currently they are reducing these external sales but that also means they are not so much constrained in capacity because of malts availabilty but they are constrained by number of casks in which they age the stuff . Currently they have 47000 casks and are going to add 55000 more by end of 2024 . While this indeed means the extra casks won’t get sold just now but the maturing period is also varying depending on the desired finish by the blender and that in turn that depends on their target market . So a bottle of indri bought in Belgium will taste different than one bought in Germany .So while currently they are selling 6 year old casks , since they do not provide any age statement , they can sell younger mix as well if the master blender deems it fit by mixing different casks .
So while it’s true that the expanded capacity will not get sold immediately, it’s also true that they are nowhere near the end of the ready stock since they have not even stopped selling malts to outsiders .That indicates that they do not foresee going out of stock for Indri in next 3 years at least since they are still selling some quantity of 3 year old malts to other breweries. .They are raising the money to buy the barrels for keeping inventory that will get sold in future just like they have kept inventory for past 11 years .
Disc… Invested .
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