The Japanese are still testing, annualised orders 10k, but we are currently drilling in the Eucla Basin.
However the one bright spot is the promise of Perth. There is a lot of interest and within 1-2 months we will expand the Perth pilot plant to 20-50 kt/yr to meet demand from the ceramics industry. This should put MSC into a small profit situation. The pilot plant will cost little to expand to that capacity, while we will have plenty of money to spend.
I see real upside in MSC over the next 3 months.
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