Ann: Investor Presentation - ANU REE Conference, page-6

A solid technical presentation, but BH should be careful throwing around reagent pricing that suits their narrative. They've used "estimated pricing" to insinuate that HCl is only 20% more expensive than H2SO4 and therefore their met is as cheap as MEI using sulphuric.. whereas actual reagent supplier pricing paints a different picture. Not that hard to flick Coogee chemicals or Redox an email to get current pricing Brett!



Actual reagent supplier pricing:

Yes, their HCl assumes renewable power, but if it only costs $500/t to make HCl with renewable power (and you get free NaOH, which typicall costs $1,000/t!) surely they should just start a business making HCl, you get a whopping $750 profit margin per tonne on the HCl and $1,000/t on the NaOH. In the wrong business boys!