The joint extended pilot plant trials has been broken into four separate trials which they are calling phases. The first trial (i.e. phase 1) has been completed and we are now waiting on the lab results. My guess is once they have these results they will start trial 2 (i.e. phase 2). I agree they should have never used the word "Phase" in relation to the pilot plant trials given most FYI shareholders relate the word "phase" to the 3 phases of the FYI/Alcoa JV. Good thing Alcoa will do the marketing if/when we get to production.
FYI Price at posting:
31.8¢ Sentiment: Buy Disclosure: Held
