Hahaaa, I was right in my several previous comments - they really aim to have a full scale ore-to-product facility in Canada! I guess they try to maximize and monetize being early in HP manganese processing! Lovely! I just hope Marco Romero will find a quality ore resource and they secure a good deal!
For now they are probably in a pretty advanced stage of negotiation (meaning offtake) with the cathode manufacturers in that industrial park in Canada. Saving money in skipping unnecessary processes (crystalization drying, packing, transport, unpacking, dissolution of HPMSM) seems like a clear win-win scenario. The upside coming from the possibility of securing another ore resource and building another ore processing facility is an icing on the cake. Sound strategy - pressing the advantage. Very happy with the company!
Ann: EMN Q4 & Year-End Conference Call Slides, page-5
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