Quoting from the Quarterly Report:-
"Cape Flattery Silica Sand Project’s (CFS) PreFeasibility Study (PFS) confirms the Project can
be a long-life silica sand project producing high quality silica sand for the booming Asia-Pacific
glass manufacturing markets supplying the solar panel industry"
Googling for information on the market for solar quality glass came up with an exponential growth in world wide demand:-
"Solar Photovoltaic Glass Market Outlook - 2026
The global solar photovoltaic glass market was valued at $4.5 billion in 2018 and is projected to reach $37.6 billion by 2026, growing at a CAGR of 30.3% from 2019 to 2026."
My understanding is that there is currently a world-wide concern of a potential deficiency in deposits of high quality sand to meet projected demand and the Cape Flattery deposit will be in great demand.
Noting that in the PFS the 2026 forecast price for sand containing 150-200ppm is up to US$200 per tonne I wonder if Metallica's stated conservative forecast price (US$47.50) for Cape Flattery's stated high quality silica sand does not allow for more on site processing to achieve a higher quality product and the potential for a higher price? It would be interesting to know.
