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5.2¢ altech batteries ltd

Ann: Altech submits Mining Proposal and Mine Closure Plan, page-10

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sharks37

8,720 Posts.

81

02/12/16

15:48

Post #: 21066356
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Originally posted by christophe ↑

Highlights :
Meckering mining proposal and mine closure plan submitted to DMP 
Proposed mining activity is a simple quarry style operation, no drill and blast required 
Two month mining campaign first 3 years kaolin feedstock 
Year-round kaolin container loading operation at Meckering site 
Containers shipped to HPA plant in Johor via port of Fremantle, Western Australia

I cannot believe how easy and cheap this operation will be. At least getting it out of the ground and the purification process looks fairly simple as well.

Two months of mining will see enough kaolin feedstock for the first 3 years of operations!

All just a simple quarry operation. Market is missing this one or maybe there just isn't enough hype around for them to run with it.

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Iggy will have to budget for mothballs for the equipment since its only going to be used 2 months out of every 3 years...and mothballed in between (are mothballs re-usable?)

Cheers, Sharks.

ATC Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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