Share
22,120 Posts.
lightbulb Created with Sketch. 20
clock Created with Sketch.
09/03/16
11:47
Share
Originally posted by tradedemon
↑
What are you missing from your post?
Positives --- deposit mostly at surface if you review the drilling results. Some results are from the actual surface.
Western Australia - recently voted number 1 mining location in the world
Close to infrastructure unlike the stranded sop lakes
Product for export (expected in the near -completed scoping study) will always sell for a higher price than sop
Strong cash levels (you already highlighted ) and they already have salt supply close to the deposit , to use in the processing of the ore.
Negative - This feldspar may be hard ore to process. There is a chart in a recent Rwd presentation showing nop world supply and it is only 2 million tonnes per annum. A 500tpa operation would still be very good as a step ladder to sop production.
Negative - capex may be high but we won't have to wait long for the scoping study results.
Expand
given my post and what you added I dont understand how the company trades with an EV of zero
it just doesnt make any sense