Please correct me if I’m wrong, but isn’t the money in this overall project really in producing NCM811 precursor. The grades in the UBU/TKM project doesn’t look economical stand-alone, but if it provides 50%~ of the feedstock for the refinery, even at break even. It’s still 50% of your feedstock for nothing, and at volume.
Ann: Blackstone Completes PFS at Ta Khoa Nickel Project, page-40
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