Hafnium, page-25

1) That's the market I.C. is mentioning in the above interview. So far, it's only a possibility, but a nice one.

2) Um, who speaks of a 100 mio price tag? I mentioned 50 mio as a extremely conservative basis for calculations (the -much more complicated- FeNi plant comes in at about 30 mio IIRC). The other 50 mio in my example would be available for financing the DFS as a whole.

THATS THE WHOLE POINT. Alk wouldn't bother with hafnium at this stage (taking time from preparing the DZP) if the potential customer hadn't made an extremely profitable offer. At a mínimum, they'll take care of the hafnium capex, imO. But most potential customers for hadnium should also be interested in much our other outout: REEs, FeNi, tantalum and even zirconium does have applications in the aviation industry (and Siemens is so diversified it can use everything anyways), so a deal that gives them the right to be a first (or second, after ShinEtsu, but see the Molycorp deal with ShinEtsi, Siemens and MCP for a way around that) buyer of our output could be rather valuable to them ... We'll see son enough ...