Ann: Acquisition of ESG processing technology and Capital Raise, page-19

I think there's a few questions that you guys need to ask, like,

• this metallurgical process will basically produce every product known to man - vanadium, iron, titanium, magnesium, aluminium hydrogen, oxygen, free energy everywhere - but what's the cost?
• how can you produce zero carbon if you're adding carbon in? if you're adding carbon in, as it seems this must, it's rather trite to say that the sodium bicarbonate out the back end will just...get absorbed by unnamed, unsourced customers (especially VTM processors as is suggested)
• where's the source of sodium to drive this? There's only a few sodium sources available to drive the neutralisation of CO2, and that's basically NaOH. NaOH doesn't grow on trees carbon-free to be consumed in the neutralisation of carbonic acid here (which is what must happen to produce sodium bicarbonate)
• this is basically just a chemical scrubber of flue gas; it's damn expensive to run. Say, 1Mtpa CO2 requires 0.75Mt of NaOH, at $170/t. That's a cost.

I think this is, similar to KRR, a 'magic pudding' scenario where metallurgists with crazy Visio diagrams have a Hannibal Lecter plan for every element in the VTM ore. It sounds great, that every single element in the dirt ends up in a product, unlike old fashioned TMT where they only get paid for vanadium penotxide or, at Yarrabubba, the iron and a vanadium credit (TBD). But the old ways mean throwing away a lot to concentrate on one element, one oxide, at saleable purity, for as little cost as possible.

You can't get everything out of ore for nothing, and produce excess energy, and produce free hydrogen and oxygen.

It's literally against the laws of thermodynamics, let alone economics.

Cavea emptor.