Lol TJ, Pierpoint was always a Friday highlight, sadly missed as little has changed, other than perhaps a touch less obvious.
"Pierpont and a few of his scallywag colleagues - Blue Sky Mines (No Liability Except At Gunpoint) - are holding a party at the Croesus Club to celebrate the event. Those present will include Sir Mark Time, the blockheaded chairman of Blue Sky Mines, Spender the cadaverous accountant, Bottle the geologist, Penwiper our poor but dishonest company secretary, and Leo Liability, the stockbroker who has never knowingly put a client into a good stock."
Re the VXL trans issue I'll borrow from Mainholm: "Option 4 requires in-house processing and additional technical capability to make an intermediary product rather than just getting offtakes for the raw material. More risk involved and more capex needed of course. Option 4 could be phased like VXL is planning..."
Shipping to Port Adelaide is not simply a transport issue (originally they were promoting Pt Lincoln) but rather creation of a secondary manufacturing site, talking potential up to an eventual 2000 SKU's. Purely my assumption from chatter but there may be some political incentive to relocating the required employment to Adelaide. My basic impression of the intended product mix is much of it would not require containerisation, objective of eventually pushing nearly 50% of Ph1 & 2 capacity downstream.
One thing is quite clear, the business plan has definitely evolved with practical market intel over the past 12 months or so. Christopher Whiteley Chief Commercialisation Officer a key player: https://www.linkedin.com/pub/christopher-whiteley/13/261/675
