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01/06/18
23:56
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Originally posted by CarrotGrunt
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Hello John
"The following Q related to the shipment of the tantalum to Greenbushes, between 2002 and 2006, Greenbushes TOLL TREATED Bald Hill's tantalum concentrate until Sons Of Gwalia indicated that they would no longer buy Bald Hill tantalum concentrate. Greenbushes never did go broke and have always made such a whopping profit, even today, I doubt they will ever go broke."
He said a lot more but i can't fully remember, something about Gold hedging?
"The next Q about the quantity, yes about 800 000 pounds was produced in those four years, and it was class 7, ie low enough radiation to not require special packaging. If Bald Hill started producing tantalum tomorrow, at full capacity, it might produce 600 000 pounds by July 2021 but then it would have to be under a tantalum friendly mine plan, which I don't see happening!"
Why not?
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Sons of Gwalia owned Greenbushes back then, and it went broke from falling gold reserves and hedging losses. Greenbushes was sold to Talison by the administrators.
Ref: https://en.m.wikipedia.org/wiki/Sons_of_Gwalia