As Roly said when I asked we should be valued at 20 cents now, Roly replied why not 40 cents. Bring on the re rate, we are fundamentally outstanding.
1. Mining approvals - done. 2. Environmental approvals - done. 3. Kwinana battery alley refinery site approved. 4. WA government backing - done 5. Mining lease granted and permits completed. 6. Major strategic financing, negotiations for balance of project funding underway. 7. Metallurgical results exceeded 99.99% target. 8. Resource supports > 100 years production / Reserve of 3.2 million tonnes grading 24.8% Al2O3 supports DFS mine life of 25+ years. 9.100% owned project area private land, no native title. Permitting completed. 10. The Cadoux Kaolin Project area boasts excellent infrastructure. 11. Deposit geology is ideal – shallow, flat lying, low strip, free digging, homogenous excellent quality & easily accessible 12. Ideal characteristics quality, grade and low deleterious elements – extremely amenable to HPA processing. 13. Offtake discussion nearly complete. 14. Only 266 million SOI with 2.7 million cash with 80 million equity funding available and Offtake ''The Big one happening soon''.
Quite a simple decision for me to buy into FYI getting to this stage of the operation and managing to keep the balance sheet this tidy is an outstanding effort by Roly. Bring on the well deserved re rate. DYOR!
FYI Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
