Hi djkencloud Interesting and thoughtful post. * The comparison...

Hi djkencloud

Interesting and thoughtful post.

* The comparison with kaolin as the source material is apt only in terms of the high cost of that method. The Al₂O₃ rich clay is a totally different starting point.
* Good point it is a chemistry more than it is a commodity and I agree that is where the sentiment hinges on getting offtakes.
* Limited minelife?? Not sure you have read the MRE properly
* Existing extraction methods are going to be at a disadvantage commercially when the CO₂ component is considered. China and India are pushing back against the new EU rules... but they will be forced into compliance if they want to sell product.
* IPT has flagged there is a looming supply shortage by 2026. Perhaps that is false and incumbents have plenty of undisclosed capacity... but at what cost of production? Will they increase their production, using a high CO₂ emitting and high cost process and expect their end users to pay up (both in material supplied and environmental $ penalties)?

The thing about IPT is it has always been about finding a tier 1 project. That box is ticked.