Just a reminder for anyone new or catching up: James Marsh has mentioned multiple times (in webinars and presentations) that the annual global demand for metakaolin (AusPozz) is around 4 million tonnes.
Based on our current drilled resource—which covers just 5% of our total landholding and remains open in all directions—ZEO has potential capacity for 1 million tonnes per year (phase 1)
Do the math:1 million tonnes @ ~$200 gross profit/tonne = $200 million gross profit per annum.
Yes, the ramp up to this is a few years away—but that’s Phase 1 only.
Once PFS is done and a commercial agreement with Holcim and/or other majors is finalised (which looks to be the direction we’re heading), you can bet they’ll drill more of the tenement, expand the resource, and bring on a Phase 2—likely another $200m+ in potential annual gross profit.
Add it up and you’re looking at the bones of a billion-dollar company, with a share price potential north of 50c.
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