re: Ann: UCL: Sandpiper Project - Pilot Plant... Nice work on the pilot plant. It is good to see the operation is proceeding to plan. The types of treatment they are using on the feed material is low tech stuff and inexpensive. The good news is that they will be able to mine RP cheaply, at low opex and low capex. This project will be a significant part of MAKs cash flow in the future. It is possible to get this simple plant operation up and running within 2 years.
Opex $60, sale price $100 conservatively. Output 3 MT per year. MAKs share 45% roughly. Excellent solid cash flow over time...
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