Hi Hero
It's a great point and why someone would invest in ATC right now vs FYI I have no idea.
ATC stated previously their strategy to mine their Kaolin in WA and then ship it over to Malaysia for processing for significant cost efficiencies. I believe in the vicinity of 30 - 40 per cent.
This strategy preferred over processing in WA.
Yet here FYI are choosing to stay in WA to produce their HPA and every aspect of our project economics are significantly better.
I have no idea why ATC chose their strategy it makes no sense and our announcement today proved that. Our numbers would have been a kick in the guts for ATC holders.
Our flow sheets are overall similar, albeit with a few minor differences. There was even an ATC poster on here last week saying we are copying their process.
no idea why their numbers are so high.
Ann: FYI Secures A$80M Funding, Delivers DFS & Upgrades Reserves, page-52
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