Ann: Great White Kaolin Project - Definitive Feasibility Study, page-337

I mean high risk relative to other build like a standard gold plant that the designers have experience in building and constructing with lessons learned. See WA SoP brine builds for examples of construction and design of plants gone wrong.

The market for halloysite is very opaque I don’t put much/any faith in the offtakes.

Mining opex at $15/t ? I don’t think so… plenty to pick apart in this dfs and compare with other studys of similar projects to compare for yourself what seems realistic vs what’s not realistic.

lots of … what’s ifs with the “product lines” …. Get to cashflow and then maybe talk about producing different products.
concrete “admix” won’t be economic for end users imo

the project might work but I thing it’s STILL severely overvalued by market cap for where it is in development

all in my opinion