Hi sevo ,
I just came across a story from the West’s “Herd on the Terrace’ (HoTT) from last Saturday week that mentions the liners ... (NB last Monday’s update was continued suspension )
I also spoke with someone who said plastic liners are plentiful in Chile where they are used for potash and lithium extraction.
cheers
https://thewest.com.au/business/herd-on-the-terrace/potassium-plays-aint-all-ok-ng-b881481931z ...As producers of this weekend’s toilet paper, the crew at HoTT fully understand how hard it is to create high-value fertilisers.
So it will be with great empathy next week we will be looking out for an update from the Mal Randall-chaired Kalium Lakes about its much anticipated Beyondie sulphate of potash project.
While Kalium has assured us that rumours its evaporation ponds were washed away in a recent heavy rainfall event were false, speculation remains about a significant cost blow-out at Beyondie.
Kalium is expected to provide an update on the costs of Beyondie, 160km south-east of Newman, on Monday.
Its shares were suspended on February 24, with the company promising to release an independent review of the capital costings and contingencies for Beyondie and future financing requirements.
Work on the $216 million project is well under way after Kalium last year secured cash from German development bank KfW, a loan from the Northern Australia Infrastructure Facility, working capital facilities from Westpac and money from shareholders.
The company, led by Brett Hazelden, has long been considered a frontrunner to be the first into commercial production among a handful of aspiring sulphate of potash players in the State.
The hyper-competitive sector has been prone to sniping in the past, with any bad news from Kalium likely to prompt a bout of schadenfreude among some other hopefuls.
However, rivals might be well advised to be careful what they wish for.
Many investors remain dubious on the infant sector as a whole, given it is unproved commercially in Australia.
Bad news from one player could make it more difficult for the others to attract investor interest and raise cash.”
(20min delay)