The Dawn of EV, page-791

The upside though is the battery side of this business.
Which is what it started as back in 2017 when they did initial test work.

Because what will happen in the future is that annual production at Butcherbird will be increased from 365,000 tonnes per annum, to 1 million tonnes per annum.

But they won't be sending the excess on a costly ship to OMH in China or Malaysia.

They'll be sending it to their own plant to make EMM or Battery grade Mn.

So send 700,000 tonnes of 34% Mn
Work some magic (CSIRO developed and patented process) to get the grade to 99.7%
(There are hardly any impurities in the lovely ore at Butcherbird)

And end up with ...let's say 100,000 tonnes of EMM currently selling for US$6,000 a tonne.
$600m in annual sales for the next 50 years.
And let's say 50,000 tonnes of MnSO4 selling for I think about US$2,000 a tonne.
$200 million in annual sales.

Annual sales of $1 billion from all of this for decades to come.

Massive profits.
Massive dividends.
Massive share price.