Evening, as promised, my take on the key messages in the Announcement.
- Caustic Soda/Hydrolcloric Acid
- Potential applications ( Downstream Energy & Mining Sectors)
- ( Mining, downstream mineral processing and refining industries (alumina refining - Gladstone, RIO ) Global application
- Only viable long term solution for processing waste brines and salts, expects this approach to be adopted as best available technology by industry (BAT)
- Improved flow sheet to produce - convert clean industrial salts into additional caustic Soda and hydocloric acid ( causing Soda is most valuable product in the product matrix ) Additional production improves the project economics even further ( my take - could lead to the production being cost neutral and even revenue positive for QGC if they process for other CSG players, makes project even more viable )
- Late 2025 MIM/Glencore shut down 47% of QLD sulphuric acid supply, demand for Sulphuric acid to double over the next 10 years. Great position to be in. Hydocloric acid is a substitute for sulphuric acid.
- Additional applications - broader range of waste brines.
- Waste Mgt hierarchy in QLD - reuse, recycle and recover. PWN has only solution at the highest level of the environmental hierarchy. BAT, well placed opportunity in $15Billion over life of the CSG industry. PWN in box seat.
- Recent expansions Senex $1B, Arrow $2B +, includes pipelines and brine processing. 16,000 wells currently, looking like going to 23,000.
STRATEGIC PROJECT LOCATIONS
- with existing clients (QGC)/Arrow and Santos, all existing clients. Evaluating several strategically located "Project Sites"
- Existing clients - QGC
- Project Sites. Why? - FEED Obvious )
- Sites proximal to Upstream ( other CSG Players who need upstream processing - Modular plants ) and Downstream Operators ( QGC only downstream operator of two plants )
- Modular upstream opportunities
- FEED/QGC - Downstream plant to produce pure water and salts for sale, circular economy.
for products produced through the Master Plan related installations. Only installations we heard of in the Master Plan are upstream modular, other players and FEED downstream processing for QGC. This is the Master Plan for the whole industry. No wonder potential partners are approach, Shit is getting real.
- Discussions with Project Owners/Operators (QGC)
- Partnerships/ strategic investors ( remember when Bahay went around the globe to drum up interest in the Master Plan, shit is getting real, revenue numbers are big, people want in.)
- They want the annuity revenue, low capital, long term steady revenue streams, high gross margins ). I reckon they would have to pay significant sums upfront to get a piece of the actions and QBS.
- Formal partnering, $$$ to get in i reckon. Don't sell the farm, sell enough to get you the cash you need and a great long term return for shareholders.
- Can do all the work in house now, Worley for the big stuff like the QGC plant.
BAHAY's comments:
- $680k R&D refund.
- Core process tech is approaching key commercialisation milestones ( capture significant value for shareholders, he is one of us )
- Currently in discussions with several parties, pivotal to long term success of PWN tech. including the Master Plan objectives.
- Future updates coming.
Recent LinkedIn post. It's happening behind the scenes and "WATCH THIS SPACE".
As always, DYOR. I'm pretty excited. Will be loading up , over 27M and counting. Would like to think I'm be over 30M by the end of the month. In my opinion, best future facing, medium term multi bagger opportunity that is sitting under the radar on the ASX.
Mr M.
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