The HPA test results are very encouraging. Looks like they will have no problem making a very high purity HPA product, with very low production costs.
The proposed mine is just over an hours drive from Melbourne CBD, on a sealed road with adjacent water, rail, sealed roads and flat land, with a big skilled labour pool, only 10 miles away in Ballarat. Two big export shipping ports of Melbourne and Geelong are within 60 miles. It doesn't get much easier or more attractive than that!
Mine-plant capital costs should be no more than $150 million., if built by one of the most expensive
engineering firms.
If they can produce the highest grade 99.999 HPA worth $50,000 per tonne, it could be even be affordably air freighted from MEL to China.
I see a billion dollar plus Market Cap stock potential here, in 3-4 years time.
The HPA test results are very encouraging. Looks like they will...
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