Ann: HPMSM Feasibility Study Update, page-38

Freight costs also down from ridiculous numbers 12 months ago.

you can calculate costs based on now 18 months data. Obviously costs still too high, production too low.

if this were a private company it would be wound up by now.

I hit my head against the wall like the picture above how on earth this has not been resolved by now, but anycase, this is my biggest concern. If a $20M plant can not be run profitable or least sorted, who could trust same gang to be funded and operate a $200M plant which, to be honest can only be run by a serious corporate.

unless they associate with some other company with $$$ and capability.

but hey, I'm usually wrong.