question for seik:tewkelberry etc , page-2

HI all,

The Canadian Oil Sands are viable at a little over $ 40 per barrel.

They are enormous and bigger than Saudi reserves.

APG has treated successfully the mineral sands that come up with the tar/oil sands.

The Syncrude Consortium would be well and truely aware of APG (some directors are X Iluka and were well and truly made aware of the APG technology some years ago........at that time the Iluka directors mistakenly believed their internal research department would successfully develop their Next-Gen technology that was going to displace APG......they subsequently admitted defeat and wrote off their invetment....The Iluka guy was very ar se protective and couldn't forsee the APG potential.......he left before the Next -Gen project became an admitted dismal failure ..so it happened on his watch)

I think for each barrel of oil they generate 2 ? tonne of mineral rich sand........for APG to process.

When I last looked at the Syncrude website (6 months ago ) the had opted to only split out the Zircon which had recently tripled in price.

Maybe with oil at $100 a barrel the project economics have changed and they could wish to spend capital and treat the sand for Ilmenite as well.

Maybe BHP will be even more interested in APG......if they control the technology they can shut out potential for 100 years any competition from Corridor Sands Ti O2