The next photo I think we see will be of the Briquette machine standing on a concrete slab (and fully serviced by the manufacturer )in Newcastle. Superficially it will show APG going backwards because if you reference the last photo, what we saw was the briquetter fully lit up in a shed in an operational capacity somewhere other than Newcastle.
But be not alarmed.
In the next photo the shed (alas) has yet to be built but it will be a rather tall affair as the delivery of iron granules while hot ? to the collection hopper above the briquette machine will save one materials handling step.
All in the name of efficiency.
When I attended the Plant recently there was much activity and spending of funds from the capital raising. Not on the scale of the BHP TiO2 campaign a couple of years back but give it time !
APG Price at posting:
4.0¢ Sentiment: LT Buy Disclosure: Held
