Looking over the presentation i am very pleased, as i posted a couple of years ago, i mentioned that the bischofite could be processed and sold as there is a market for it. The Company are now investigating this option as a by-product to reduce costs and improve economics further, simply a great option and a very smart management move, congratulations Paul Donaldson.
The bischofite is processed into Magnesium Chloride, plus investigations into rock salt,sulphate of potash(SOP)or SOP-
Magnesia from the kainite resource and gypsum.
Complete the processing review studies -this work is expected to be complete by the end of the calendar year
Simply put, i feel processing the extra by-product minerals will allow the strategic investors to see the long term growth and risk reduced slightly with the instability of the potash price. I will be very interested to see the outcome of this study and what impact it will have on the project as a whole. What may or may not be processed along with the potash minerals. Extra curcuits could be added to the plant at a later stage to allow processing of these minerals, once the MOP is up and running. Eg. the bischofite could be stockpiled for a couple of years ready to be processed once the curcuit has been added, with expenses paid for with the profits of the MOP.
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