in reply to @Acgm
“shipping halfway around the world”. They were unable to provide numbers to back those concerns, ..."2 of your offtake partners are Tesla & Ford......
Tesla will process ore in their new Texas plant...
Ship to Houston on E coast.....
Everyone here makes a big thing of not involving China....
Fair to assume Ford will also process in USA even if not initially....
I didn’t mention cost, I mentioned carbon footprint....
Cost will also be higher, almost 4x distance than China.....
Here is the shipping analysis, those figures you want....
Geraldton - houston 12,244 nautical miles via Cape Good Hope
Geraldton - China3384nm
I use Panamax class ship, typical 50kt payload....
500kt will take 10 trips
Typical speed for Panamax 22kts, fuel consumption 60,000 US gal/day 227k litres/d....
Works out to 6 days compared to 23 days....
Extra 17 days to ship to USA.....
17 days at 227k litres/day = 3.8m litres
10 trips = 38m litres of extra fuel over shipping to China!!!!!!!
Only 66% offtake to USA means about 24m litres extra
Note no back load shipping costs increase
Tony has the audacity to say they take ESG seriously...
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