TMG 0.00% 0.9¢ trigg minerals limited

Ann: $3.3M Rights Issue Closes Oversubscribed, page-12

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    Well you are correct in that there are many many potash salt lakes. There is also lithium ore and all sorts of other minerals everywhere. The question is whether it is economically feasible to extract. As we have seen in WA, the front runners of extracting potash from salt lakes have had all sorts of technical difficulties and huge costs overruns. Despite our often self criticisms Aus mining is extremely efficient compared to the rest of the world. Because of its cautious approach and the expertise that it has available Trigg has a better chance than most of developing a successful mine. All projections are that there will be an increasing unmet demand for the product. Trigg seems to have a good grip on the technical challenges. Its ongoing issue is more with raising capital. Hopefully it will get a lifeline via an offtake or jv or significant investor who can see the future potential. Where is Mr Cannon-Brookes when he's needed?
 
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