I think they are legitimately going after kaolin DSO. Not...

I think they are legitimately going after kaolin DSO. Not Halloysite, not HPA. They are the closest to port at a touch under 100km and an ACTIVE rail line going through the package. No one else can boast that and rail is key for the proposed DSO operation.

Halloysite actually cost a bit to refine. Note refine not beneficiate. If you see the ADN SS they have 'processing at site' and then 'refinement'. Almost 30% of the premium goes to the 'refinement' post processing at site (beneficiation). Granted they use what they believe to be the low range in price.

I like andromeda. They will make money hand over fist and its clearly the leader of the pack, but I dont think its a really apt comparison as they are selling essentially different products. Its not a competition as the markets are different. The kaolin market is very mature and deep. As always there is always more than 1 way to make money.